7/19/16 was down again, this time by -$0.53 and the model projects that the CME LEAN HOG INDEX component on yesterday's kill will shed between -0.40 and -0.70.

Packers were able to purchase 100.9% of the moving average daily purchases with their significantly lower bids. This suggests to me that producers are willing sellers. I interpret this to mean that they have ample numbers of hogs to sell.

Best wishes,

dhm