3/30/16 was up +$0.04 and the model projects there will be very little change in the component on the 3/ 30/16 kill perhaps in the range of +0.15 to -0.15.

Packers made a fairly modest purchase at 93.9% of the moving average daily purchases.

The six-day moving average carcass weight is holding firm at more that 214# so producers may be fairly well supplied with market ready hogs.

With eleven days until cash settlement and the JJJs premium to the index by more than four points, "UP" does not seem to be the most logical for the JJJs to head.

Best wishes,

dhm