4/16/18 was up +0.66 and the model projects that the component on yesterday's kill will be up between +0.25 and +0.55. It appears that the spring up-trend in hog prices is firmly established but the question remains, "How strong will it be?"

My feeling is that it will not be strong enough to close the +14.53 that the KKKs settled to the component last night so I am short the KKKs.

Best wishes,

dhm