3/20/19 was UP +1.60 to 61.53. The JJJs are trading premium to the component by a sky-high +15.45. I couldn't resist and sold a JJJ pig at 77.05. That is really a big "Gap" to close in 16-days.
h
The 6+day moving average carcass weight firmed to 214.93#. That is +0.21# yr/yr. Hardly enough to think a trend is developing. Index hogs were steady at 213.36#. Packers are continuing to finish their hogs heavier by +4.64# and they are shipping several percentage points more hogs than they did one-year ago.

I am getting a few calendar spread trades on and off my boat again this morning. That breaks he monotony so I can be distracted and and patiently HODL the deferred contracts. I did sell one QQQ pig this morning at 97.90 and waiting to see if there is a dip so I can scalp back in.

Best wishes,

dhm