MURICO.com Forum

The afternoon Purchase Index for - - -

5/15/19 was, once again, up. This time by 0.12 and the model projects the component on Wednesday's kill with change in the range of +0.15 to -0.15.

With their mildly higher bids packers purchased 89.1% of the moving average daily purchases of total hogs and 98.6% on the index hogs. Packers are likely still working on the Memorial Day holiday trade and to see see cut outs dip like they did yesterday is not a bit of welcome news for the bulls of the hog world.

Best wishes,

Doc