MURICO.com Forum

The final Purchase Index for - - -

9-11-15 was down -$0.49 and the model projects that the CME Lean Hog Index component on the 9-11-15 kill will fall between -0.45 and -0.75. The down trend is still alive and well!

Packers made a huge purchase of hogs on Friday at 165.4% of the moving average daily purchases. Producers were really parted company with a lot of their hogs on Friday. Are they beginning to panic as prices decline or do they have lots of hogs coming on and they need to make space??

I'm thinking producers have quite a few hogs - probably more than projected in the last H&P report.

Best wishes,

dhm