9/11/18 was WAY UP +2.55! The model projects that the component on yesterday's kill will soar between +1.25 and +1.55. The VVVs settled premium to the component by 6.54. The model calculates that it will take an average daily gain of 0.28 by the component to close that "Gap".

With their higher bids packers purchased 87.0% of the moving average daily purchases of total hogs and 88.3% on the Index hogs. Obviously packers didn't make a small purchase because they didn't want the hogs, otherwise why would they have jumped their bids so much.

STill HODLing the summer futures and trying to buy more on a did. Yesterday there were a couple of nice dips and rallies with which I was able to jump on and off.

Best wishes,

dhm