8/12/16 was down -0.51 to 66.8. That put the cash settlement index for the QQQs at 67.03. Once again the model came through and put me on the correct side to go to cash settlement. I dilly-dallied around on whether to go to cash settlement with a position or not and as we got close to the settlement, the model said, "Sell".

So I did and it worked.

The six-day moving average carcass weight dipped to 207.75 pounds this morning. That is -1.61# yr/yr. Packer hogs continued to lead the way down and Index hogs are only slightly lighter now at 207.45#.

The time I spent working the hog number paid of this morning when I got out of all short VVVs and switched to longs. Didn't switch with enough but it was the correct thing to do. Maybe today will be the limit up move I have thought might happen to partially close the unusually was "Gap" the VVVs have been burdened with.

Best wishes,

dhm