Does it matter what the cash market does today? It should but will it? Cash was up .50 to $1.00 yesterday. The CME lean hog index stands at 5922 with Oct futures closing yesterday at 6050. So convergence is happening quickly. Suddenly the Dec contract is not very far from the index. Futures were limit down yesterday meaning were on expanded range of limits today, 450 points down or up. Open interest surged higher by 4,000 contracts yesterday. In the wake of the week long Chinese holiday the dog may have hit the end of the chain. Reported overnight the Chinese domestic hog price for 10/08 is 32.56, up 3.58 which equates roughly to $2.84 per pound. Chinese hog prices are more than five times higher than U.S. hog prices. Contrary to what many believe, there are still Chinese tariffs on U.S. pork. China has a major problem on their hands. Trade talks later this week are not expected to go well which is why futures closed limit down yesterday. Id look for buying to surface today.