MURICO.com Forum

The final Purchase Index for - - -

9/20/18 was up +1.92 and the model projects the component on yesterday's kill will jump between +1.40 and +1.70. That comes after it was up 1.46 yesterday to 58.17. The VVVs settled premium to the component by 3.08 yesterday. We are going to see that "Gap" shrink a lot today unless of course the VVVs make another leg up again today which may happen.

Packers only purchased 84.3% of total hogs with there way-big bid jump. The got 97.7% on the index hogs.

Day by day it appears that the Hog Cycle low was posted as well as the fall seasonality low when the index touched 45.30 on 9/1/18.

Still long the summer futures and added a long VVV yesterday and some more on the opening this morning. The soaring index was too strong for me to ignore.

Best wishes,

dhm