Dennis' thoughts. So far today "The Market" does not seem to view hogs the same way Dennis does. The numbers I as seeing seem to be more in harmony with what "The Market" is doing than with Dennis' bias. Packers' margins on the Index hogs seem to be really good now but packers are not choosing to share it with the producers - especially not with the producers of negotiated hogs. .

I am expecting China to eventually begin to purchase more of our pork but first Trump and Xi need to smoke the peace pipe.

Best wishes,

D.H.