MURICO.com Forum

The final Purchase Index for - - -

6/2/15 was down -$0.26 and the model projects that the CME Lean Hog Index component on the 6-2-15 kill will be down between -0.10 and -0.40. The index is bouncing around a little but there is not a strong trend going on at this point. There is a good chance that this pattern will continue until retailers begin stocking up for the Independence Day holiday and then we will likely see a little bounce.

I have been kicking more spreads off my boat than I have been putting on so I'm riding high in the water and bobbling along like a cork. At this point I like being long the Q/V spread and short the Z/G spreads. If the Q/V spread gets back down to the 7.00 level I will really load my boat if it doesn't get swamped in the meantime. Historically over the last 12-years the Q/V spread as expired around 11.00.

But -

In 2007 it expired around 4.20 so historical averages don't mean much. They just give you a good idea where you can shoot yourself in the foot.

Best wishes,

dhm

Messages In This Thread

The final Purchase Index for - - -
Re: I don't know about your feet DH,
Actually, ITZ, a lot of the holes - - -