The final Purchase Index for - - -

3/6/19 was up +0.11 and the model projects the component on yesterday's kill will change between +0.10 and -0.20. That's not much change. Yesterday the component was only down -0.04 to 51.83. It "Feels" like a bottoming action may be taking place. The JJJs settled premium to the component by +5.25. Obviously "The Market" thinks brighter days are ahead for the producers.

Packers purchased 95.5% of the moving average daily purchases of total hogs and 91.0% on the index hogs. Carcass weights continue to dribble lower. Yesterday the 6-day moving average carcass weight eased to 215.09# and packer hogs were +4.63# heavier than the non-packer hogs.

Yesterday I piled another long April 20 future on my boat and will add more is we dip more.

Best wishes,


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The final Purchase Index for - - -
Re: The final Purchase Index for - - -
Thanks for the post, Dewey. It - - -