12/4/14 was down -$0.06 and the model projects that the change in the CME Lean Hog Index will be in the range of unchanged to +0.30. Even though the Purchase Index was a little weak, the model projects that the component may rise because packers have quite a few hogs that were purchased at higher prices still standing in line to keep their appointments with the packing plants.

I'm expecting the ZZZs to show a little strength toward the end of the day as traders even up their books for the weekend.

Best wishes,

dhm