1/31/19 was down -0.29 and the model projects the component on yesterday's kill will dip between -0.10 and -0.40.

Packers purchased 93.3% of the moving average daily purchases of total hogs and 103.4% on Index hogs. Packers were bidding very low for negotiated hogs. Sometimes that is not a good sign for the bulls.

The market is coming our way so far today, Dewey. I hope we are not taking a trip to Abilene.

Best wishes,

dhm