MURICO.com Forum

The CME component on the kill for - - -

11/10/11 kill was UP 0.08 to 87.97. This smacks of being a reversal of the down trend we have been on for more than a month. With cutouts weak and carcass weights firm, there is a good chance that it will be a rather anemic reversal. It would appear that traders have been anticipating a reversal for they have the ZZZs priced at a premium of +1.70 over the CME Index component this morning.

Spreads are trading today. I have been able to take profits on seven spreads this morning. I still have plenty more to cash in if the spreads move to my profit point. The short Feb cattle/Feb hog spread is still trying to go my way. I had been wanting to add a couple more if it bounced a bit but it appears that is not about to h.a.a.a.a.a.ppen.

Best wishes,

dhm