MURICO.com Forum

The final Purchase Index for - - -

3/25/19 was up +1.81 and the model projects the component on yesterday's kill will be up between +1.45 and +1.75. The JJJs settled premium to the component by +12.38. The model calculates that the component will need to gain an average of +0.86 per day to close the "Gap". Over the past five days, the component has moved up an average of +1.86 per day.

With their higher bids yesterday , packers were able to purchase 100.8% of the moving average daily purchases in total hogs and 88.9% of Index hogs. The supply of index hogs may be getting a bit tight. I say that because the weight of the index hogs is trailing other hogs.

Still long deferred contracts.

Best wishes,

Doc

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The final Purchase Index for - - -
Hogs by Dennis Smith
Good afternoon, Dewey. Thanks for - - -