The final Purchase Index will be late - - -

and I don't know why. Oft times the USDA site will say, "Due to packer submission problems."

That is not said today so it may be from the government shut down.

Cutouts were weak yesterday and the dip today may be from that. And I wonder, was the high kill rate of packer-hogs an early sign that packers were liquidating in anticipation of a drop in price? Doesn't seem likely since there has not been much of d dip in the carcass weight of packer hogs.

My bias is that the dip today is mostly a technical/emotional move and not fundamentally driven.

Time will tell.

Best wishes,