4/5/16 was UP +$0.09 and the model projects that the component on the kill for 4/5/16 will move up between +0.05 and +0.35. It looks like this will be the sixth consecutive up day for the Index. That is a fairly strong up-trend.

With their mildly higher bids yesterday, packers rounded-up 95.3% of their average daily purchases. They may still have an appetite for hogs today.

The "Gap" has now been cut to 1.27 with the JJJs being premium. There is a good chance that the index will gain enough to push the JJJs up a little. I rode two long JJJ pigs over-night. Now to see if I made a mistake.

Best wishes,

dhm