due to packer submission problems.

Yesterday the component was up 1.04 to 68.57. The VVVs settled discount to the component by -2.14. The 6-day moving average carcass weight was steady at 209.61# and that was -0.98# yr/yr. This makes me think that producers are still quite current in their shipments. Yesterday cutouts slipped a little so I am cautious about being long the VVVs but still have a couple but the rest are now safely turned into GREEN and in the bank. Have also taken profits on quite a few summer futures and am now ready to reload my boat on a dip''

Best wishes,'

dhm