GGGs firmed mildly to 66.32 with a range of 65.82 to 66.82.

The noon reports showed that packers were bidding lower this morning and that is causing me to take a big "Gulp" and wonder if some of the assumptions entered into the Hog Pricing Model to project the cash settlement price of the GGGs are flawed??

"In trading hogs, you can always expect the un-expected" Long Bear.

Best wishes,

dhm