10/11/18 was down -0.20 and the model projects the component will change in the range of +0.15 to -0.15 which is essentially unchanged. The VVVs settled discount to the component by -0.55. When we get the 201 report this morning, we will have 50% of the cash settlement index for the VVVs.
Packers purchased 82.5% of the daily moving average of total hogs and 91.8% on the index hogs.
Bought more QQQs on the early morning dip.
Best wishes,
dhm