3/298/16 was up $1.05 and the model projects that the CME LEAN HOG INDEX component on yesterday's kill will be up between +0.30 and +0.60. My initial reaction would be to be long the JJJs.

But -

Trips out behind the wood shed have taught me that when there is a significant "Gap" between the Index and the front month, when we get close to cash settlement and the fundamentals point one way, the market will go to opposite direction to partially close the "Gap" to get the futures and the index marching in lock-step.

So I am short the JJJs this time.

Best wishes,

dhm