8/26/19 was down -0.07 and the model projects the component on yesterday's kill will drop between -0.45 and -0.75. The data suggest that packers have an inventory cheaper hogs that will drag the component down a bit.

Packers purchased 95.1% of the daily moving average daily purchases of total hogs and 85.9% on the index hogs - a usual number for a Monday.

The component on the Friday kill dropped -1.30 to 73.92. The VVVs settled discount to the component by --10.12.

The 6-day moving average carcass weight firmed to 209.86#. That is +0.58# yr/yr. Packer hogs were also a bit heavier at 208.94#. Packer hogs are -1.24# lighter than the non-packer hogs.

Best wishes,

Doc