3/23/15 was down -$0.31. My hog pricing model projects that the CME Lean Hog Index component on the 3/23/15 kill will fall between -0.30 and -0.60. Packers are continuing to take a little off their bids day-after-day. Looking at the weakness in the cutouts and the continued firm kill rate, there is a good chance that a little more will be taken off the index before we hit bottom.

I have and order working to sell the ZZZs at 63.125. I probably shouldn't do this in front of the H&P report.

Best wishes,

dhm