10/16/17 was up $1.04 and the model projects that the component on yesterday's kill will be up between +0.75 and +1.05. Packers seem to be wanting hogs and they are willing to pay-up o get them. Yesterday the cutouts showed a little life and moved up 0.81 in spite of the fact that bellies took a 2.21 hit. The down trend in the Index lasted just long enough for me to go to cash settlement with an over-supply of VVVs.

It may be time for me to start think "LONG" the ZZZs but I'm still cautious and confused on the ZZZs but have my boat well loaded with calendar spread and I seem to get a few on and off every day. Yesterday it was the Z/Gs that had the action.

'Best wishes,

dhm