4/18/17 was down again, this time by -0.16 to 61.83. The KKKs are premium to the component by 4.10 and the MMMs by 8.22. I believe that is enough premium to make it a big lift to get the KKKs or MMMs to move up much so I sold a May 68 call at a buck. I'm safe to 69.

The six-day moving average carcass weight was steady at 213.50#. That is -0.26# yr/yr. Packer hogs are heavier by 1.84#. Packer hogs were a bit heavier and non-packer hogs were lighter..

Best wishes,'

dhm