4/19/17 was down -$0.49 and the model projects the component on yesterday's kill will slip between -030 and -0.60. The weakness in the cutouts yesterday is not putting the packers in the mood to bid a lot higher quite yet. The KKKs settled premium to the component by +4.05 and the MMMs were +8.12. Those are quite large in the face of declining prices. Over the weekend I hope to work on the Hog Pricing Model to see it it will project a cash settlement for the KKKs.

Packers made a solid purchase yesterday at 99.0% of he moving average daily purchases.

I am looking for a set-up to scalp the MMMs from the short side and it looks like I am about to get it.

Best wishes,

dhm