11/20/19 was up 1.19 to 58.96. The ZZZs settled premium to the component by +0.57. The crash of the cutouts by -5.11 is worrisome but packers' gross margins, as calculated by the model, is still a respectable +$46.11 and the afternoon Purchase Index was only down -0.04 so packers may be keeping their bids fairly firm.

Best wishes,

Doc