6/6/18 was way, W A Y U P . . . +1.18!! And the model projects that the component on yesterday's kill will jump between +0.75 and +1.05. With their higher bids packers rounded up 82.6% of the moving average daily purchases and 85.5% on the index hogs. Obviously the the supply of market ready hogs is becoming a bit tight. The MMMs are trading premium to the component by +5.44. The model calculates that the component needs to gain an average of +0.85 per day to close that "Gap".

Traders seem to be saying, "They'll gitter dun!"

And I'm caught on the wrong side of the MMMs.

Best wishes,

dhm