8/19/16 was up $0.11. This may represent a change of trend from down to up. Packers still have a fair sized inventory of cheaper hogs purchased so the Index is projected to change in the range of +0.10 to -0.20.

Packer made a strong purchase Friday at 120.3% of the moving average daily purchases.

It looks like we are headed UP today.

Best wishes,

dhm