8/15/19 was down -0.51 and the model projects the component on yesterday's kill will drop between -0.50 and -0.80. The VVVs settled discount to the component by -14.17. The model calculates that packers' are quite good at $18.81 per hog.

With their lower bids, packers purchases 88.5% of the moving average daily purchased of total hogs and 95.3% on index hogs.

Best wishes,

Doc