was up +0.95 and the model projects the component on yesterday's kill will jump between +0.40 and +0.70.
With their higher bids packers purchased 93.6% of the moving average purchases of total hogs and 103.7% on the index hogs. Packers had a solid appetite for hogs yesterday. Their margin are high enough that they can afford to spring for a little more for hogs and still show nice profits.
Shortly we will be getting the quarterly H&P Report. I am expecting the 180# and up category to be up about 2.5%.
Best wishes
Doc