are under priced at 90.975 but maybe the traders are thinking that the IMPACT of the PED virus will have passed by then and production will be heading higher. The short Z/G spreads I have are doing me no good today. Maybe I should do like Dewey and sell some more.

Looking at the way packers are bidding for hogs and the slump in the kill rate, seeing the ZZZs pop back up to the 99.00 level is a distinct possibility. Packers were willing to pay up for hogs on Friday and that could continue if supply continues to falter.

I bought a VVV this morning at 106. Was asleep at the helm and missed my 1.0 profit.

Best wishes,

dhm