that packers have 53K fewer hogs scheduled today than they had on this date last week and 253K fewer than on this date one-year ago. That is a year-over-year drop of 11.33% but the last H&P report would seem to suggest that the drop should be something like three to four percent.

I don't know if this indicates that producers have far fewer hogs to sell than the H&P report suggested but it might. I think the most reported cases of PED virus came on the week of 2/22/14. Those hogs should be starting to come to market so it is possible the low scheduled numbers reflect fewer hogs.

From the noon reports the model projects that the rapid decline in packer bids has slowed.

The market has given me a second chance to load my boat a little more, Dewey, but I'm cautious.

Best wishes,

dhm