3/3/15 was UP 0.66 TO 68.06. The strength in hog futures has moved the JJJs to a 0.11 premium over the component. The MMMs are premium to the component by 14.11. I may have lost my head, but I sold a pair of MMMs on this bounce.

The 6-day moving average carcass weight is a little weaker at 214.56#. That is only +0.58# yr/yr. It was the packer hogs that showed the decline in weight.

I hope some of you followed along with me and bought the J/M spreads. They have done what they were supposed to do and then some! The Q/V spreads took a serious dip today and I bought a trio. Two are now M.I.F. (Money In the Fist).

Best wishes,

dhm