MURICO.com Forum

The final Purchase Index for - - -

and +3/15/19 was up +1.03 and the model projects the component on Friday's kill will be up between +0.70 and +1.00. The appetite packers have for hogs has become very strong. On Friday packers purchased 168.9% of the moving average daily purchases on total hogs and 134.6% on the index hogs. The Friday purchases are usually large but this one was larger than usual. The JJJs are trading premium to the component by +13.73. That seems large but I don't want to short it again quite yet. Maybe later.

Best wishes,

dhm