9/19/18 was way up again this morning by +1.88. It isn't often that we see a jump of more than a buck and a two buck jump doesn't come around often. The model projects the component on yesterday's kill will be up between +1.30 to +1.60. The "Gap" is now +3.29 with the VVVs being at a premium. The model calculates that the component will need to move up by 0.19 per day for 17 days to close that "Gap".

Packers purchased 86.8% of the moving average of daily purchases of total hogs and 103.2% of Index hogs.

Best wishes,

dhm