12/19/14 was down $0.81 and the model projects that the component on the 12-19-14 kill will drop between -0.95 and -1.25. The down trend continues in both the CME Lean Hog Index and the Purchase Index. Generally when the Purchase Index is trending, it will carry over to the CME Lean Hog index for a day or two after the Purchase Index reverses its trend.

Now to see what happens today.

Best wishes,

dhm