now making its usual spring advance. It may be an anemic advance but at least the down-draft seems to have s t o p p e d. I don't know why Monday's kill was so weak, but it is now coming back and the scheduled numbers are quite strong. The declining 6-day moving average carcass weights and the kill rate higher than projected from the last H&P report suggests to me that producers are now in the liquidation phase with their market hogs. I don't know how long it will last or high the kill rate will go. If we can believe the last H&P report some relief may surface when the June to August farrowings start coming to market unless the pigs per litter takes another move higher.

Now I'm going to read Jim Long.

Best wishes,

dhm