was steady this morning at 213.55#. That's +9.60# year over year. Packer hogs were somewhat lighter today and non-packer hogs were a bit heavier. Perhaps this means that packers were shipping more of their hogs and non-packers were holding out.
The percentage of packer hogs killed moved up to 33.71% yesterday. That is not a record high percentage but it may indicate that packers are still finding it a bit difficult to find the hogs they need so are turning to their own hogs.

I don't interpret this as being a bearish sign so I am staying long the NNNs however I have scalped in and out of quite a few NNNs this morning by buying dips and selling rallies. I am now looking for a dip below 132.65 to reload my boat.

Besst wishes,

dhm