9/8/17 was down -$1.30 and the model projects that the component on Friday's kill will plummet between -0.85 and -1.15. The price of hogs are continuing their slide down the slippery slope. With their lower bids, packers were able to purchase 104.1% of the moving average daily purchases of index hogs and a very large purchase of 182.5% of the moving average daily purchases of total hogs. Producers seem to have been highly motivated sellers pof hogs Friday.

The "Gap" settled Friday at -6.48 with the VVVs trading at a discount to the component. It appears to me that there is a good chance that the Index will collapse enough to close the "Gap" and maybe some so I held onto some of the short VVVs I piled on Friday.

It continues to appear to me that producers have fallen behind in their shipments of hogs and I should have sold two or three handfuls of hogs Friday instead of one with the idea of holding them all instead of just three.

Yup! I also talk hogs much better than I trade them.

Best wishes,

dhm