MURICO.com Forum

It just might be that the run-up in the - -
In Response To: Re: I agree with DH----- ()

ZZZs today was stripping margin from producers' hedging accounts and the ZZZs won't hold these gains. The wild card may be how much demand will be created by the two new plants coming on line and how strong will demand become with this less expensive pork.

From the afternoon reports the model projects that the Purchase Index for today will be down -0.95 and the component on today's kill will drop between -0.50 and -0.80 suggesting that we are still in the chase looking for the."Valley" for this hog cycle.

You are right, ITZ. There are still a lot of hogs to be killed. The kill this week fell short of projections from this latest H&P report by 14.5K bringing the total short-fall in the kill to about 84 K since 9/1/17.

Hope you and Spike have a great weekend.

Best wishes,

dhm

Messages In This Thread

The U.S.D.A. says, 'Forget about those - - -
Re: The U.S.D.A. says, 'Forget about those - - -
Very nice call on the - - -
Re: I agree with DH-----
It just might be that the run-up in the - -