The afternoon Purchase Index for - - -

3/9/2020 was up +0.18 and the model projects the component on Monday's kill will creep up between +0.10 and +0.40. This will be the sixth consecutive day the component has moved higher.

With their higher bids, packers were able to purchase 140.4% of the moving average daily purchases of total hogs and 117.0% on the Index hogs.

Have been quite busy and didn't get to post for a couple of days.

Best wishes,