12/14/15 was up +$0.65 and the model projects that the component on yesterday's kill up between +0.15 to +0.45. That will be the other 50% of the cash settlement index for the ZZZs. This is the first time in a long time that I have not had a few expiring hog futures to go to cash settlement. There was so much volatility in the Index that the model could not lock onto a trend.

Yesterday I bought two GGGs and it looks like that was a mistake.

Best wishes,

dhm