5/30/19 was down -0.25 and the model projects the component on yesterday's kill will fall in the range of -0.25 to -0.55. The MMMs settled premium to the component by +1.47.

With their lower bids, packers purchased 104.4% of the daily moving average purchases of total hogs and 98.6% on the Index hogs.

In pre-opening hogs are not being spooked very much by the weak primal cuts report.

Best wishes,

Doc