7/9/18 was up +0.04 and the model projects the component will change in the range of +0.05 to -0.25 which is really quite stable.

Packers purchased 144.2% of the moving average of total hogs and 152.5% on the index hogs. Hogs were really moving after the holiday.

Well, ITZ, I have low confidence and low anxiety at this point. I think that will translate into no profit and hopefully no loss!

Best wishes,

dhm