4/10/15 was up +$1.32 and the model projects that the CME Lean Hog Index component on the 4-10-15 kill will be up between +0.55 and +0.85. It appears that packers were really wanting hogs on Friday and they were willing to open their wallets and shell out the cash to get them. Producers were willing to accommodate them and packers purchased 122.9% of the moving average daily purchases. That's the largest daily purchase we have seen for a while. The number of Index hogs that were purchased was especially large.

It appears that we are going to see some big pork production numbers this week. Perhaps packers have received some big export orders now that the west coast dock strike is settled.

Best wishes,

dhm