12/11/17 was down -0.29 and the model projects that the component on yesterday's kill will change in the range of +0.05 and -0.25. Most likely there will be some weakness but not too much yet because packers still have some more expensive hogs to kill. Looking at the weakness in the cutouts, there is a good chance that packers are going to become stingy with there bidding.

The ZZZs are trading discount to the component -1.44. Packers might close that "Gap" with lower bids so I took what little profits I had in the ZZZs this morning.

Best wishes,

dhm