are well on our way for a ten-point rally. On 8/21/14 the VVVs touched 90.45 and now we are at 97.00 and climbing rapidly. I should have bought that 100 call.
Now a question -
Are we going to see 210# to 215# carcasses as the new norm?
It most likely took some delayed shipments to get carcasses up to the weight and to get them back down may cause a mild surge in deliveries.
Since 6/1/14 the kill rate is trailing projections from the last H&P report by about 2.78%. On a year/year basis the kill is down 6.36% since 6/1/14.
Either the USDA missed on their count or producers are behind in their shipments. This has gone on for so long that I beginning to suspect the USDA mis-counted.