6/26/18 was down 0.43 to 84.63. Yesterday it was down -1.09. Packers are getting their cost of pork down. The NNNs are trading discount to the component by -4.93. There is a good chance that packers will close that "Gap" by lowering their bid prices if producers keep shipping hogs like they did yesterday.

I have a mildly bearish bias to the NNNs but I'm not trading it very aggressively!

After all we do get a H&P report tomorrow.

Best wishes,

dhm