MURICO.com Forum

The final Purchase Index for - - -

8/16/18 was down -0.95 and the model projects the component on yesterday's kill will drop between -1.00 and -1.30. The VVVs settled premium to the component by +1.74 and it appears to be headed for a "Gap" up opening this morning. "The Market" is planning on demand for pork to surface very quickly and it will be a huge demand surge. If it is the packers who are buying the futures, they were not putting any money on hogs yesterday.

Packers did purchase 87.7% of the moving average of total hogs and 100.7% on the index hogs.

I am still HODLing the summer futures and waiting for a significant dip to add more. It is not happening yet today.

Best wishes,

dhm

Messages In This Thread

The final Purchase Index for - - -
E-mail I received this A.M.
Re: DH, this rally------
Re: DH, this rally------
Re: Dewey, the last 30 minutes---
Even though the futures have been on fire - - -