8/20/15 was DOWN -$0.19 and the model projects that the CME Lean Hog Index component on the 8-20-15 kill will change in the range of +0.05 to -0.25. That is not a very big deal -

However -

We still have that -14.50 "Gap" to contend with and we must close it by 10/14/15. Just pull your Stetson down tight because we are going to be in for a very rough and volatile ride as traders try to discern what is going on in the hog market. So far this month I am hanging in there quite well. That could change in a minute. The gap down opening this morning made me a little nervous but I have now calmed down and am feeling fine now that it is closed.

Best wishes,

dhm