CME Lean Hog Index component on Friday's kill will be late. The ZZZs are now trading premium to the most recent component by +1.69. If we get a component on Friday's kill that is plus 0.10, then the model calculates that it will take an average daily gain of +0.34 to close the "Gap". That does not look like the trajectory we are on so I kicked a long ZZZ pig off my boat and into the water for the pit-sharks to eat.

Best wishes,

Doc