8-18-15 was up +$0.13 and the model projects that the CME Lean Hog Index component on the 8/18/15 kill will be up between +0.05 and +0.35. Even with their mildly higher bids yesterday, packers only got a fair purchase at 88.2% of the moving average daily purchases. So far this week the kill is a bit weaker than expected based on the last H&P report +4.16% over the same week last year and the weights are running -3.72# year/year.

Retailers may be still be stocking up their cases for the Labor Day weekend. Historically there is a powerful tendency for the Index to go into a tail spin following Labor Day.

I can plainly see that I did not buy enough VVVs when "They" were gunning stops this morning.

But-

You have to take what comes and love it!

Best wishes,

dhm