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The CME Lean Hog Index component on the kill for -

11/7/17 was down -0.19 to 68.26. The ZZZs are now trading discount to the component by -4.86. The downtrend in the index is still intact but it is not very strong at this point.

The 6-day moving average carcass weight firmed to 212.13# this morning. That is +0.74# year/year. Producers may be getting a bit behind in their shipments or it could be that hogs are growing well right now. Whatever the case may be, packers are producing hogs that are +0.91# heavier than the non-packers. Also packer hogs are making up a higher percentage of the kill than they usually do. I believe packers are expanding their production faster than the non-packers. Index hogs are coming to market a bit lighter than the non-index hogs at 211.96#.

This morning I have piled a bunch of long G/J and M/N spreads on my boat and have taken a couple off.

Best wishes,

dhm

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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
My quote machine shows that both the - - -
Re: Well Dewey, being wrong----