9/19/16 was down -0.57 to 61.25. The VVVs are now trading discount to the component by -5.93. and there are 19-days to cash settlement.

The six-day moving average carcass weight eased to 208.68# and packer hogs dropped more than the non-packer hogs. The carcass weight was -0.51# year/year. Not much help in reducing pork production with lighter weight hogs. Index hogs also lighter at 208.93#.

Best wishes,

dhm