MURICO.com Forum

The final Purchase Index for - - -

5/16/19 was up +0.17 and the model projects the component on yesterday;s kill will be up between +0.10 and +0.40. The MMMs settled premium to the component by +7.82. The model calculates that the component will need to move up +0.38 per day for the next 21-days to close that "Gap". That is a tall considering the fact that the rush to fill retailers' cases for the holiday is now mostly over but there is the Independence Day demand surge coming up.

With their firm bids, packers purchaesed 84.9% of the moving average daily purchased of total hogs and 94.7% on the INdex hogs.

Best wishes,

Doc