MURICO.com Forum

The final Purchase Index for - - -

6/28/18 was down -0.30 and the model projects the component on will dip betweem -0.20 and -0.30. The NNNs settled discount to the component by -2.88. With their lower bids packers purchased 94.8% of the moving averge of index hogs and 111.42% on total hogs. The NNNs settled discount to the component by -2.88.

It looks like the H&P Report was neutral for the NNNs and bearish everywhere else.

Best wishes,

dhm