to ski downhill with a short June cattle/hog spread in your backpack. Still on a downhill run with one in my backpack from 42.85 after having scalped in and out quite a few times as it jumped around looking for its break. Last year on 6/1/2021 the June hogs settled premium to June cattle by 5.175. It appears that the supply of hogs may be a bit tight so there may be a little more easing of the cattle/hog spread from today's last trade at 28.25.

Best wishes,

dhm