6/28/17 was down -$0.09 and the model projects that the component on yesterday's kill will inch-up between +0.05 and +0.35. Packers still have some more expensive hogs purchased that will still keep their appointment at the packing plants over the next few days. This will keep the component firm for a day or two. Packers have lowered their bids for two-days in a row now but they are creepy-little. With 11 more trading days for the NNNs, it takes bigger drops than that to close the "Gap".

Best wishes,

dhm