9/18/18 kill was up 1.54 to 56.71. The VVVs are trading premium to tne component by 2.99. The model calculates that it will take an average daily gain of 0.17 per day for the next 17-days to close the "Gap".

The six-day moving average carcass weight was steady at 208.75#. That is -1.84# year/year. Producers are very current in their shipments. Index hogs are still a bit lighter at 207.55#. Packer hogs are now heavier than the non-packer hogs by +2.17#.

Still long the summer futures.

Best wishes,

dhm