MURICO.com Forum

The final Purchase Index will be late - - -

due to the USDA not getting the data posted. I am expecting another down day since the cutouts were a bit weaker. The GGGs settled discount to the component by -1.38 so the market is expecting some more weakness over the next week as we get ready to go to cash settlement. If the component is down today as expected, it will be the fourth down day in a row. it was weak bellies that dropped the cutouts yesterday.

Best wishes,

dhm

Messages In This Thread

The final Purchase Index will be late - - -
The USDA now says the packers are having a - - -