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The CME Component on the - - -

8-11-14 kill dropped 0.91 to 118.41. The HEQ4 futures are now discounted to the Index by 4.34 with 3-days of data to take us to cash settlement. Packers are going to need to hack their bids by an average of -1.75 for the next three-days to get the Index down to the QQQs.

There are, undoubtedly, some traders much smarter than I, so the QQQs are most likely priced right and packers will follow through with the work they need to do. We may be looking at history in the making with hog prices collapsing like we have never seen before.

I now know one thing, I didn't have nearly as many Q/V spreads as I should have had!

Best wishes,

dhm

Messages In This Thread

The CME Component on the - - -
Re: DH, hog prices collapsing
Good Morning, ITZ. You have that right! - - -