49K more hogs scheduled today than they had on this date last week. Relative to last year, there are 190K more scheduled than on this date last year. That amounts to 8.08% more. Looking at the H&P report, I would expect to see about 3.5% fewer hogs scheduled.

I think this clearly indicates that currently producers are higher motivated sellers of hogs and the numbers they have may be on the strong side of what the USDA pegged in the last H&P report.

I'm suspecting, ITZ, that you comfort zone in being short the ZZZs has improved, again.

Best wishes,

dhm

P.S.: From the noon reports the model projects another down day for the Index component on today's kill. More data is needed to project the amount of the down move.