MURICO.com Forum

The final Purchase Index for - - -

11/21/18 was down -0.19 and the model projects the component on yesterday's kill will drop between -0.25 and -0.55. The ZZZs settled premium to the component by +0.81 and that is not much.

Packers purchased 80.1% of the daily purchases of total hogs and 83.4% on the index hogs. With the holiday, packers were probably not in a very strong buying mood. Cutout took a major hit yesterday especially the bellies.

Best wishes,

Doc