9/19/18 was up +1.55 and the model projects the component on yesterday's kill will jump between +1.10 and +1.40. The VVVs settled premium to the component by +4.00. Packers were able to purhase 95.5% of the moving average purchases of total hogs and 93.6% on the Index hogs.

Still long the summer futures. From time-to-time I sell one and then buy it back. This morning I sold a QQQ and have now bought it back.

Best wishes,

dhm