8/9/17 was down -$0.18 and the model projects that the component on yesterday's kill will drop between -0.20 and -0.50. It is going to take more than that to close the "Gap" so I will be buying more QQQs if there is a little dip in them.

Packers purchased 99.5% of the moving average purchases of index hogs and 87.3% on total hog purchases. Packers are not flush with purchased hogs right now.

I need to get a bunch of calendar spreads on my boat. My inventory is down to 45 and I like to keep it in the 60 range.

Best wishes,

dhm