MURICO.com Forum

The final Purchase Index for - - -

11/9/17 was down -$0.31 and the model projects that the component on yesterday's kill will be down between -0.25 and -0.55. This keeps the down trend intact. Yesterday packers purchased 88.3% of the moving average total hog purchases and 92.7% of the index hogs. I hear murmurings that hogs have the hogs purchased for the rest of he week already purchased. But they were still buying hogs yesterday but at a lower price.

Decided to take profits of some of my short ZZZs.

Have piled four long K/M calendar spreads onto my boat. Have room for a few more

Best wishes,

dhm