1/11/19 was up +0.55 and the model projects the component on Friday's kill well climb between +0.35 and +0.65. At first blush it would appear that the index is climbing fast enough to close the "Gap" but that can change in a hurry if pork starts to pile-up on the packing houses' floors.

With their higher bids,packers purchased 134.1% of the moving average daily purchases of total hogs and 131.5% on the index hogs. Weekend purchases are generally larger.

Best wishes,

Doc