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The Final Purchase Index for - - -

8/5/14 was down -$2.32. The model projects that the component on the 8/5/14 kill will tumble by -1.25 to -1.55. The rising QQQs have closed the Index to QQQ gap to 6.85. At 11:00 we get the component on yesterday's kill then there will be seven more data-points to get us to cash settlement.

Packers are now getting dead-serious about cutting their cost of carcasses down. I suppose they have figured out that more hogs are going to be coming to market very shortly so they are going to be trying to widen their margins.

It worked out all right to add another QQQ @ 115.925 yesterday afternoon but I still have a few that are underwater.

Best wishes,

dhm

Messages In This Thread

The Final Purchase Index for - - -
Hogs by Dennis Smith
Thanks for the post, Dewey. Dennis - - -