3/10/16 was up +$0.24 and the model projects that the CME Lean Hog Index will move up between+0.05 to +0.35.

Packers purchased 100.5% of the moving average daily purchases yesterday and the had to bid mildly higher in order to get that purchase.

After the close last night the USDA reported that cutouts traded higher. If cutouts are firm and the kill moderates a bit as projected by the last H&P report, there might be some up-side to the Index. But wait a minute - traders have built into the JJJs a jump of nearly six points.

HHMMMMmmm! That 's quite a lot but when hogs start to move, they can really move.

I will keep on trying to scalp a little here and a little there. I don't dare turn wildly bullish at the point but "UP" seems to be the direction the index is headed.

Best wishes,

dhm