2/6/19 was down -0.36 and the model projects the component on yesterday's kill will drop between -0.20 and -0.50. Cutouts were weak again yesterday. There is too much pork and too little exports.
Packers purchased 81.2% of the moving average total hogs and 91.6% index hogs.
It doesn't look like it is going to be a good day to be long hogs.