5/4/16 was up +$0.85 and the model projects that the component on yesterday's kill will jump between +0.60 and +0.90. Packers were hungry for hogs yesterday.

and producers didn't really go for the higher bids.

They only sold 86.8% of the moving average daily number. This may push packers to add a few pennies to their bids today. After all, they still need hogs to meet the Memorial Day holiday grilling demand.

It may be wishful thinking on my part, but this could close the K/M spread a little and that is all I need, for it to just close a little.

Best wishes,

dhm