7-23-15 was down again by -0.17 to 78.64. The QQQs are now trading discount to the component by -0.61. The QQQs will most lilely be highly sensitive to changes in the Index and it has been down for eight consecutive days. All of these heavy hogs and the slow Chinese economy are are NOT bullish signs.

The 6-day moving average carcass weight eased a little today to 210.81 with both packer and non-packer hogs being lighter.

There have been a couple of trend-line reversal set-ups this morning that gave me a few scalping tics and that is better than yesterday.

Was able to take on another long Q/V spread. Not to get it safely across the pond. Those spreads have treated me kindly this summer.

est wishes,

dhm