11/28/14 was up +$1.00 and the model projects that the component on the 11-28-14 kill will be up between +0.25 and +0.55.

With the higher bids on Friday, packers were able to make a huge purchase at 174.9% of the moving average daily purchases. That is a large enough purchase to give them good scheduled numbers for today.

The data continues to suggest the possibility that producers may fewer hogs than projected in the last H&P report. I had been wanting to buy a ZZZ pig if the price dipped below 90.00 but didn't have an order in this morning. I now have an order to buy at 89.75. I may be too late getting the order in. Nope - just bought 1 at 89.75. But was it a good idea??

Time will tell.

Best wishes,

dhm