9/22/17 was down -$0.26 and the model projects that the component on Friday's kill will dip between -0.55 and -0.85. With their lower bids packers were able to purchase 154.2% of the moving average daily purchases of total hogs and 129.1% of the moving average daily purchases of index hogs. Producers seemed to be will sellers on Friday.

The VVVs settled discount to the component by -2.73.

The cold storage report is providing some support to the VVVs this morning.

Best wishes,

dhm

"In the hog market you can always expect the unexpected." Long Bear