MURICO.com Forum

The final Purchase Index for - - -

5/15/19 was up +0.36 and the model projects the component on yesterday's kill will be up between +0.05 and +0.35. It looks like packers spent late afternoon yesterday throwing more money at hogs. Perhaps they are a bit short-bought for the holiday grill.

With their higher bids they made a solid purchased 93.7% of the moving average daily purchases of total hogs and 96.4% on index hogs.

Pre-opening has MMMs looking quite weak. Sometimes in this market a weak opening breaks down to a limit move.

Best wishes,

Doc