10/6/17 was up +$0.93 and the model projects that the component on Friday's kill will move up between +0.40 and +0.70. The VVVs are trading premium to the component by +3.57. The model calculates that the component will need to drop and average of -$0.51 per day for the next 6-days to close that "Gap". That may be just about where we are headed.

Packers purchased 128.1% of the daily purchases of total hogs and 139.8% of index hogs. Hogs are being sold and shipped quite rapidly.

Best wishes,

dhm