7/5/18 was up +0.19 and the model projects that the component on yesterday's kill will be unchanged to up 0.30. Yesterday the component dropped -0.41 to 82.04. The NNNs settled premium to the component by +1.26. Traders are thinking packers are going to be bidding higher.

Yesterday the 6-day moving average carcass weight eased to 207.63#. Hogs are finishing more slowly.

I'm flat the NNNs.

Best wishes,

dhm