The CME Lean Hog Index component on the kill for -

1/25/18 was up .18 to 73.85. The GGGs are now trading discount to the component by -1.40.

The six-day moving average carcass weight firmed to 214.42# That is +0.82# year over year. Packer hogs came-in +0.81# over non-packer hogs. Index hogs were a bit heavier at 214.77#.

I'm now flat the GGGs but have a boat load of calendar spreads that a quiet today.

Best wishes,