6/25/15 will be late due to "Packer submission problems".

From the afternoon reports the model is projecting that the component on yesterday's kill will be down another -0.25 to -0.55. The down trend is still in place. It appears that the kill this week is going to moderate mildly but cutouts are still under pressure and showing weakness. THE kill rate continues to be above 2.1 million and may be close to that this week.

Best wishes,

dhm