MURICO.com Forum

Well, Dewey, I am seeing things the - - -

same way - no reason for hogs to go up other than this is the hog market and needs no reason.

- Cutouts posted another significant loss

- Packers were bidding lower for hogs yesterday

- The afternoon reports showed that producers sold fairly strong numbers in spite of the lower bids packers threw at them

- The 6-day moving average carcass weight crept a tad higher

- The CME Index component to ZZZ spread appears to be headed for aboout (I spelled that for Farmer Ed) 7.50 down from the near-20 we saw a couple of weeks ago.

All of these things give me a mildly bearish bias.

I find generally when I get a directional bias, the market moves in the opposite direction so I suppose we will see the ZZZs jump come Monday.

Best wishes,

dhm

Messages In This Thread

The CME component on the kill for - - -
Re: DH, my patience is wearing thin
Re: I'm ok with my forced deposit
Thanks for sharing, ITZ. From the - - -
Re: DH, this was one of those days
Re: DH, this was one of those days
Well, Dewey, I am seeing things the - - -
After the market closed, ITZ, the - - -