MURICO.com Forum

The final Purchase Index for - - -

9/27/1 was up +0.81 and the model projects the component on yesterday's kill will be up between +0.95 and +1.25. The VVVs settled discount to the component by -4.71 and after today, there are only ten trading days left until the VVVs go to cash settlement. Packers seem to have a firm appetite for hogs and I'm wondering what "The Market" is seeing that I
don't see to push the VVVs nearly five bucks below the component?. I will stay the course and continue to hold long a few VVVs.

Packers purchased only 79.2% of the moving average daily purchases of total hogs and 91.7% on the index hogs.

Yesterday I added a few long summer futures. Will wait for a significant drop to add more. So far it looks like we hit the Hog Cycle low and the seasonality low on 9/1/18.

Best wishes,

dhm

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The final Purchase Index for - - -
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