10/3/18 was up again, this time by +0.16 and the model projects the component on yesterday's kill will jump between +0.40 and +0.70. The VVVs settled discount to the component by -1.62.
Packers purchased 92.0 of the moving average of total hogs and 93.0% on the index hogs.
STill long VVVs and summer futures.
Best wishes,
dhm