10/3/17 was UP +0.74 and the model projects that the component on yesterday's kill will move up between +0.15 and +0.45. It appears we have hit the seasonal "Low" but it may not be the Cycle low. That may come next fall.

With their higher bids packers purchased 95.3% of the moving average of total hogs and 90.3% of Index hogs. Those are not strong numbers so they may be bidding up again today.

Best wishes,

dhm