3/25/15 was down -$0.38. My hog pricing model projects that the CME Lean Hog Index component on the 3-25-15 kill will drop between-0.35 to-0.65. It appears that the strength of the JJJs will move them to premium over the index component when the 201 report comes out this morning.

The kill rate is remaining firm. Cutouts were weak yesterday. The dollar is still strong hampering exports and the freezers are full of pork. I am missing some bit of information that supports the JJJs, KKKs and MMMs being strong today. Sometime technical/emotional factors rule the day and perhaps that is what is going on today.

Best wishes,

dhm