my weekend, Dewey. I decided to load my computers in my car and drive to Atlanta to spend some time with my son. We are working on a T-Bond portfolio management program that is showing great promise. With interest rates being unusually low, the price of T-Bonds have sky-rocketed. Investors who have bought them are at risk of taking a terrible hair-cut when interest rates go up and they surely will some day.
Because of that, I believe there is a huge opportunity for a T-Bond portfolio manager who can negotiate there troubled waters and get an above average return while defending the portfolio against any down-side risk. Our work so far this year suggests we will be able to show returns in the +1.5% per month range which is not when the coupon rate on the T-Bonds now being sold is in the 2.75% to 3.75% range.
Now, back to the piggies - the kill rate seems to be a little below projections by a percentage or two. Perhaps the USDA missed a little. Carcass weights are not at all burdensome so I'm suspecting producers are quite current in their shipments.
Best wishes,
dhm