MURICO.com Forum

The CME Lean Hog Index component on the kill for -

5/3/19 was down -0.25 to . The MMMs are locked limit down and that has closed the "Gap" to 7.00 with the MMMs premium to the component. Tomorrow the limit will be 4.50 so a lot of "Gap" can be closed in a hurry.

The 6-day moving average carcass weight firmed to 215.70#. That is +1.17# yr/yr. Index hogs were unchanged at 214.10#. Packer hogs are heavier than the non-packer hogs by +3.51#. Packers may be moving their hogs out a bit faster now. And that seems to me to be a bearish sign.

Best wishes,

Doc