9/30/15 was up 0.53 to 72.93. The weakness of the VVVs this morning has beaten them down to a -0.52 discount to the index component. That is not what I was expecting. The calendar spreads have been very active for me this morning.

I'm still working on the holes in my data.

Best wishes,

dhm

PS: "In the hog market you can always expect the unexpected" Long Bear