that China has announced their intention to begin exempting pork from the tariffs, the flood gates may be open and American pork could begin flowing to toward China. With their population creeping toward 1.5 billion people, they can consume more pork than we can produce and still be wanting more.

The VVVs are getting to be short-term and they are already premium to the component by 6.95 and the index will likely fall again today, so it may be the ZZZ pigs that benefit more than the VVVs.

Best wishes,

D.H.