8/26/29 was down -0.53 and the model projects the component on yesterday's kill will drop between -0.55 and -0.85. The VVVs settled discount to the component by -10.12.

With their lower bids, packers purchased 93.2% of the moving average daily purchases of total hogs and 78.7% on the index hogs. It is possible that index hogs are being back-up a little.

Best wishes,

Doc