reports will be late", thus sayeth the USDA.

From the afternoon reports the model projected that the component on yesterday's kill will drop between -0.70 and -1.00 and the purchase index will drop -0.52. Packers seemed to be doing a bit less cutting of their bids but they are still working their cost of pork down which is understandable because they seem to be having a little trouble selling it - especially the bellies.

Best wishes,

dhm