3/18/19 was up +1.48 to 58.43. It looks like the JJJs will settle premium to the component by 12.22.

The 6-day moving average carcass weight eased to 214.50#. That is +0.02# year over year. Index hogs are a bit lighter at 213.26#. Packer hogs are heavier than non-packer hogs by +4.43#.

Cutouts were up another 1.75 today. It appears this bull market is for real and this is no time to be selling. I actually bought two JJJs today when they dipped land HODLed all deferred contracts and loaded and unloaded a bunch of the calendar spreads.

Best wishes,

dhm. .