6/18/19 was down -0.26 and the model projects the component on yesterday's kill will change in the range of +0.10 to -0.20.

Packers ended the day with a purchase of 77.2% of the moving average daily purchases of total hogs and 96.3% on the Index hogs. There is no shortage of hogs right now!

The deferred contracts are holding up fairly well.

It apppears we will have plenty of pork to export if the geopolitical challenges don't get in the way of things.

Best wishes,

Doc