10/3/17 was up 0.30 to 55.12. That is very much in line with the model's projection. The VVVs are now trading premium to the component by 5.08. The model projects that in the next 8-days of data there will need to be an up move of 54 cent per day to close that "Gap".

The six-day moving average carcass weight eased to 210.45#. That is 0.45# year/year. Packer hogs made up slightly more than the kill yesterday. It isn't often that we see the percentage that large. Are packers liquidating hogs? Or are they having trouble finding the hogs they need so they are killing their own hogs? Or is it just the luck of the draw?

Scalping the VVVs has gone well for me this morning and the calendar spreads have put a few on my boat and taken a few others off. That is what I like to see, some coming and some going.

Best wishes,.

dhm