11/27/15 was up +0.38 and the model projects that the CME Lean Hog Index component on Friday's kill will be up between +0.15 and +0.45. All indications are that the down-trend has now ended and we are on an up-swing.

Packers really bought a lot of hogs on Friday - 137.2% of the moving average daily purchases. The number of index hogs purchased was 766,994. I don't remember ever seeing a one-day purchase that large! Packers were willing to bid a little higher to get these hogs and the producers stepped up and sold.

I just don't understand hogs opening down this much. So I have been buying.

Best wishes,

dhm