6/22/17 was up $0.53 and the model projects that the component on yesterday's kill will continue its upward trend by tacking on between +0.65 to +0.95. With their higher bids, packers were able to purchase 93.9% of the daily moving average of Index hogs. Their total hog purchases were not quite at good at 90.6% of the moving average daily purchases.

Cutouts slipped a bit but they are still 11.82 higher than the were last year.

From the H&P report the suggest kill would be +4.09%. So far this week it is +2.19%. It does not look like the hogs are as plentiful as the report suggested.

Best wishes,

dhm