12/11/19 was up +0.28 and the model projects the component on yesterday's kill will move up between +0.25 and +0.55. The model calculates that the component will need to gain +0.43 per day to close the "Gap". I think it will so I am still long the ZZZs. Packers may have some more expensive hogs backed up. If so, that could contribute to a stronger Index.

Packers purchased 84.5% of the daily moving average of daily purchases of total hogs and 84.5% on the index hogs.

Best wishes,

Doc