11/13/19 was down -0.24 and the model projects the component o n yesterday's kill will drop between -0.20 and -0.50.

With their lower bids packers were able to purchase 113.4% of the moving average daily purchases of total hogs and 96.7% on the index hogs. Producers seem to be willing sellers.

The model calculates that packers' gross margins are $57.48/Index hog.

Best wishes,

Doc