The final Purchase Index for - - -

1/15/19 was up +0.43 and the model projects the component on yesterday's kill will move up between +0.25 and +0.55. It looks like the GGGs will open premium to the component by +3.74. With their higher bids, packers purchased 89.5% of the moving average daily purchases of total hogs and 93.7% on the total hogs. Packers were bidding lower on the negotiated hogs and I am not sure what that means.

Best wishes,