11/12/19 was way up at +0.94 to 59.98. It appears the ZZZs settled premium to the component by +3.02. The model calculates that packers' gross margins are $63.05/index hog.

The 6-day moving average carcass weight firmed to 215.20#. That is +2.12# yr/yr. Index hogs were also a bit heavier at 214.79#. Packer hogs are now +0.11# heavier than the non-packer hogs.

Best wishes,

Doc