10/2/14 was down -0.30 to 109.55. That puts the VVVs discounted to the component by 3.80.

The six-day moving average carcass weight firmed to 213.26#. Packer hogs and non-packer hogs were both up about the same amount. The kill is coming in close to the projection from the last H&P report. If that continues until the VVVs go to cash settlement, packers may not be able to cut their bids very much.

Best wishes,

dhm