up $0.73 and the model projects that the CME component on kill for 6/27 will be up between 0.80 and 1.10. The HEN4 settled Friday at premium to Index by 4.38.

Looking at the pre-opening bids on my screen, it looks like the market thinks packers are going to bidding like crazy for hogs over the next 11-days as we move toward the end of the NNNs. I guess the H&P report was much more bullish than I thought.

Best wishes,

dhm