MURICO.com Forum

The CME Lean Hog Index component on the kill for -

10/18/17 was up +0.84 to 63.75. The ZZZs just settled premium to the component by +0.53. That is really no "Gap" at all. Perhaps traders are sticking close to the component because they don't know what to do.

The 6-day moving average carcass weight moved up to 210.66#. That is -0.20 yr/yr. Index hogs were also heavier at 210.66#. It looks like producers are are keeping current in their shipments.

I'm doing plenty of trading but it is all calendar spreads. I did get one long scalp in the ZZZs today that helped pay the rent. Now I'm flat the ZZZs again.

Best wishes,

dhm