for 12/20/18 was down -0.26 and the model projects that component will be down between -0.15 and -0.45. Yesterday the component on Wednesday's kill dropped -0.75 to 54.29.
The GGGs settled premium to the component by +8.09.
Yesterday packers purchased 96.2% of the moving average daily purchases of total hogs and 90.5% on the Index hogs.
If the H&P report was friendly like Dewey said, then I will have missed the opportunity to get long the GGGs like I was wanting to do.
I do have enough summer futures on my boat to keep life interesting as well as a nice assortment of spreads both long and short depending on the spreads.