9-18-14 was up $0.10. I'm starting to get the Hog Pricing Model functional again. It may take another week to get the kinks worked out of it. At this point it is projecting that the CME Index component on the 9/18/14 kill will be up between +0.10 and +0.40.

The number of index hogs packers purchased yesterday was on the low side at 89.3% of the moving average daily purchases. Total hog purchases were fairly firm at 98.5%.

High volatility continues as traders search for a hint about the impact the PED virus has had on production. The high cut out number yesterday may keep packers from dropping their bids very fast.

Best wishes,

dhm