11/4/16 kill was down -0.35 to 50.91. The "Gap" has now opened to -5.49 with the ZZZs at a discount to the component.

The 6-day moving average carcass weight firmed just mildly to 211.95# That is -1.50# yr/yr. Index hogs were steady at 210.27#. Packer hogs came in 2.86# heavier than non-packer hogs. I find it surprising that packers are behind in their shipments.

Still short the ZZZs and GGGs.

Best wishes,

dhm