the final Purchase Index for 12/24/18 will be late. I anticipate it will show a touch of weakness. This is the time of the year when the kill is high and demand softens a bit. The correlation between the index and the summer futures at this point are not very high so I will stay long the summer futures and continue to sell rallies and buy dips. The MMMs moved right up to my sell order this morning and turned around without giving me a fill. It is a long time from now until June so I will stay the course.
There is still an ASF problem as near as I can tell and the summer kill always takes a dip.