12/15/164 $0.07 and the model projects that the component on yesterday's kill will be up +0.25 to +0.55. The model projects that the cash settlement index for the ZZZs will be 57.67.

Packers purchased 84.0% of he moving average purchases yesterday. I anticipate some weakness in the index now that packers have most likely met most of the holiday surge in demand.

The hog pricing model will not be much help for a month to six-weeks so I will be relying mostly on calendar spread trading. I try to keep about 50 open spreads on my boat waiting for someone to want them and I usually keep about that many working order to add new calendar spreads.

Best wishes,

dhm