6/5/17 was up +$1.01 and the model projects that the component on yesterday's kill will be up between +0.35 and +0.65. There is still some up-trend working to give a little support to the MMMs that are trading premium to the component by 2.65 The model projects that the component will need to gain 0.35/day to close that "Gap". I think the forth coming holiday demand surge will close that "Gap" and perhaps enough more to add a point or two to yesterday's settle so I am sticking with my herd of long MMM pigs.

Packers only purchased 79.2% of the moving average daily purchase of Index hogs yesterday even though they give their bids and industrial strength higher bid.

Best wishes,

dhm