7/3/14 kill was up 0.78 to 129.64. That gain was very much in harmony with the model's projection.
The NNNs are now premium to the index by 2.51 with 7-days of data to still come in.
The 6-day moving average carcass weight firmed a tiny bit to 213.97#. That's 10.03# year-over-year. Both packer and non-packer hogs were a bit heavier. The percentage packers hogs killed was steady at 32.5%.
I am beginning to read the data as pointing to the probability that the Index is going to move up enough to wipe out the premium that the NNNs are holding to the Index.
Best wishes,
dhm