MURICO.com Forum

The final Purchase Index for - - -

9/5/18 was up +0.05 and the model projects that the component on yesterday's kill will change in the range of -0.05 to +0.25. After the big miss yesterday, I am scratching my head wondering how the packers slipped in all those expensive hogs and they didn't show up in their purchases.

packers purchased 112.8% of the moving average of total daily purchases and 114.6% on the Index hogs. Packers are willing to kill the hogs and producers seem to have the hogs to sell.

I am still long the summer futures and will add if we get a ddip.]

Best wishes,

dhm