6/3/19 was down -0.16 and the model projects the component on yesterday's kill will drop between -0.25 and -0.55. The down trend continues.

When the day ended, packers only purchased 86.4% of the moving average daily purchases and 91.4% on the index hogs. Maybe packers thought producers were ready to fall all over themselves to sell hogs but it didn't happen and packers made only a normal Monday;s purchase.

Best wishes,

Doc