11/11/16 was up $0.20. Packers still have some cheaper hogs to come to market and that keeps the component weak. The model projecst that it will change in the range of -0.20 to +0.10. With their mildly firm bids, packers rounded-up 149.3% of the moving average daily purchases. Willing buyer and willling sellers really got together.

Still short ZZZs and GGGs.

Best wishes,

dhm