MURICO.com Forum

The CME component on the kill for - - -

4/17/15 was up +0.56 to 64.53 putting the MMMs at a premium of +11.42 over the component. That may be too wide of a "Gap". On average over the past eleven years, from this date until cash settlement the the Index gained 6.98. Looking at the high kill rate, the heavy carcasses and weak cut outs, it is going to take a surge in demand to push the Index up enough to close the "Gap".

The prospects of that happening are such that I have chosen to stay short the MMMs.

Best wishes,

dhm