11/8/16 was down -0.50 to 49.56 . The ZZZs are now discounted to the component by -3.48. We seem to still be in a down-trend.

The six-day moving average carcass weight came in today at 211.50#; nearly unchanged. That is -2.21# year/year. The packer hogs were a but heavier and the non-packer hogs were lighter.

Still short the ZZZs and GGGs.

Best wishes,

dhm