MURICO.com Forum

The afternoon Purchase Index for - - -

5/10/19 was up +0.43 and the model projects the component on Friday's kill will change between -0.10 and +0.20. The purchases was rather small at 91.1% of the moving daily average of total hogs and 94.3% of the index hogs. It usually runs around 120% on Fridays.

When the 201 report finally came out, it showed the component on Thursday's kill was up +0.16 to 82.88. And hogs were a bit heavier at 215.29# on the six-day moving average.

Cutouts dipped -0.66 Fridays being led lower by the hams.

Now to see how the final Purchase Index came in for Friday.

Best wishes,

Doc