The CME Component on the - - -

8/29/14 kill was down 0.91 to 95.97. The jump in the VVVs today has put them premium to the component by +4.18.That is some turn-around story we have witnessed.

The 6-day moving average carcass weight slipped to 212.06#. That is 8.54# yr/yr. The weight of packer hogs held steady but non-packer hogs dropped. It is beginning to "Feel" like producers are a little tight on market ready hogs. The percentage of packer hogs killed Fri/Sat dipped to 25.31%. It usually runs around 32%.

Still on the sidelines relative to the VVVs.

Best wishes,