7/20/17 was UP (AND THAT WAS A SURPRISE!) +$0.24 and the model projects that the component on yesterday's kill will change between +0.15 and -0.15. Packers have some cheaper and some more expensive hogs purchased and it is difficult to project which batch they chose to run through their plants yesterday. Regardless, there was NOT any major collapse in the component yesterday. And the QQQs continue trade at a HUGE discount to the component.

I have so stinking many long QQQs on my boat, I feel like I should pull in and dock it in south Texas to see if I can learn how to manage so many.

Best wishes,

dhm