due to packer submission problems. From the afternoon reports the Model projects that the CME Lean Hog Index component on yesterday's kill will drop between -0.50 and -0.80. The down trend continues and it is burdening down the lean hog futures again this morning.

The Q/V spread came i out of the darkness yesterday. I can now plainly see that I should have been more aggressively buying the dip last week but I'm happy with what I did get. I now have a few compartments that I can fill with more on the next dip - - - if it comes.

Best wishes,

dhm