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Re: The CME Lean Hog Index component on the kill f

Hello DH, and thanks for info. I am going to quote you some of what I received in an e-mail awhile ago. This is from a large firm, not 100% but as Itz said on an average they do a good job.

The fact that the recent hog & pig report did not contain any overly bearish surprises in tandem with a firming tone in the cash market has allowed the most active December contract to recover 700 points off the lows. Given that the hog & pig did not change the near term supply outlook, consider this rally a GIFT for the hog producer. Rallies in the Dec have been strong but they never hold into the close. Today's settlement was 100 pts off the high. Our hedgers have been active and we've encouraged such activity. Major resistance in the Dec stands from 63.00 to 64.00. Dec futures appear way overpriced relative to the cash market.

Have a good evening,

Dewey

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The CME Lean Hog Index component on the kill for -
Re: The CME Lean Hog Index component on the kill f
Re: Dewey, this situation-----