5/11/18 was up +0.76 and the model projects that the component on Friday's kill will jump between +0.40 and +0.70.

With their higher bids packers purchased 111.2% of the moving daily average of total purchases and 107.4% on the index hogs. Willing buyers came together with willing sellers and a goodly number of hogs changed hands. Firmer bids may have been partially triggered by higher cutouts which posted a gain of 0.89.

Best wishes,

dhm