11/16/18 was up +0.09 and the model projects the component on Friday's kill will ease between -0.20 and -0.50. It appears that packers still have some less expensive hogs purchased that will pressure the component down a little on Friday's kill/ The downtrend may be ending, though.

Packers purchase 158.7% of the moving average daily purchases of total hogs and 1347.8% on the index hogs. Hogs were changing hands Friday at a rapid clip.

It looks like I need to abort my short ZZZs and stick with the long summer futures.

Best wishes,

dhm