8/9/18 was down -1.53 and the model projects the component on yesterday's kill will be down between -1.30 and -1.60. The QQQs are now trading discount to the component by -6.01. The model calculates that the component will need to drop an average of -1.73 per day to close that "Gap". That is a lot of down movement.

Packers purchased 100.2% of the moving average daily purchases of total hogs and 94.3% on the Index hogs.

I am waiting for a dip in the summer futures to re-place those I sold but the dip is not coming so I will HODL those that are still on my boat.

Best wishes,

dhm