3/5/2020 was up +1.26 and the mode projects the component on yesterday's kill will soar between +0.40 and +0.70.

With their much higher bids packers were only able to purchase 84.9% of the moving average purchases of total hogs and 89.8% on the index hogs.

This may be the first hint that the long awaited decline in the kill rate is finally close at hand.

Best wishes,

Doc