5/4/17 WAS UP +1.47 and the model projects that the component on the kill for yesterday will jump 0.90 to +1.20. The KKKs are now trading at a premium of 6.44 to the component and the MMMs are at a premium of 13.56. The model projects that the component will need to jump an average of +0.98 per day to close the "Gap". I don't dare get long the KKKs with numbers like that and don't like fighting a strong up-trend.

Producer of index hogs only sold 90.0% of the 5-day moving average daily sales. Higher bids for index hogs is not causing them to sell very strong numbers. Furthermore, Index hogs are a bit lighter than the non-index hogs. Producers of index hogs are very current in their shipments.

So I am cautiously looking for a scalping set-up.

Best wishes,

dhm