10/2/15 was UP +$0.36 and the model projects that the CME Lean Hog Index component on the 10/2/15 kill will move up between +0.20 and +0.50. It appears that the up-trend in the price of hogs is intact. This is consistent with the historical pattern that is generally observed following the the post-Labor Day sell-off.

Packers were able to make a very solid purchase Friday with their firm bid prices. The VVVs settled Friday very close to the component. The fundamentals seem to be right for the VVVs to bounce a little.

Best wishes,

dhm