7/18/18 was down -0.74 and the model projects the component on yesterday's kill will drop between -0.50 and -0.80. The QQQs are now trading discount to the component by 11.17. That is quite a "Gap"!

Packers purchased 99.3% of the moving average of total hog purchases and 101.7% on the index hogs.

When the Q/Vs dipped this morning, I piled four onto my boat.

Best wishes,

dhm