9/16/16 was down $1.15 and the model projects that the component on Friday's kill will drop between -0350 and -0.80. This down-trend is beginning to get serious. But someone has not told traders that. In the pre-opening the VVVs are bid up a buck!

With these lower bids packers were able to purchase 142.4% of the moving average daily purchases. Producers seemed to be anxious to ship hogs.

Just sold another VVV pig at 55.75. I'm probably short more than I should be. This may be one of those crazy days when we get a limit up move to get started closing the B I G "Gap" and then tomorrow it will be right back down.

Best wishes,
dhm