3/6/15 will be late because the morning reports have not been posted yet.

From the Friday afternoon reports the model projects that the Purchase Index will rise very little - +0.04 and the CME Lean hog index component on Friday's kill will change in the range of +0.20 to -0.10. That is nearly unchanged.

On Friday the component on Thursday's kill actually dipped -0.39 to 67.73. The JJJs settled at a discount of -1.61 to the component and the MMMs were premium to the component by 12.32. If the J/M spread dips a little today, I will buy it again. It worked well last time.

Best wishes,

dhm