4/3/19 was DOWN -0.04 AND THE MODEL projects the component on yesterday's kill will be up between +0.40 and +0.70. Packers most likely have an inventory of more expensive hogs to kill and that will be supportive to the component on the kill for 4/3/19. However, the data may be saying that the strong up-trend is going to take some correction while the cutouts build a base and turn up again.
Sprad fills are coming in like crazy and I must tend to my knitting now.
Best wishes,
Doc