the final Purchase Index for 4/1/15 will be delayed. From the afternoon reports my hog pricing model projects that the component on yesterday's kill will drop between -0.15 and -0.45. The downtrend seems to be intact however there was a little bounce in the price packers were paying for "Negotiated Hogs". This may be an indication that packers' appetite for hogs is going up. With cutouts taking another hit yesterday, they will need to do a bit about demand before they bid very aggressively.
Best wishes,
dhm