CME Component on 6/20/14 kill

The CME Index component on Friday's kill was up 1.12 to 120.98. The 2-day index stands at 120.39. The HEN4 futures premium to the index has closed to 6.70.

The six-day moving average carcass weight eased to 215.28#. That is +10.02# heavier than on this date last year.

The weight of packer hogs dropped more than the weight of non-packer hogs. This may be telling us that packers are not finding as many hogs as they would like so they are running more of their hogs to the packing plants.

Best wishes,