MURICO.com Forum

The final Purchase Index for - - -

6/10/19 was up +0.08 and the model projects the component on yesterday's kill will drop between -0.15 and -0.45 due to the inventory of less expensive hogs packers have in inventory.

When the final numbers were released, packers did not get as many hogs as they thought earlier in the day. They purchased 96.8% of the daily moving average of total hogs and 84.5% on the Index hogs. A this point in time the data seems to be saying that the USDA under-counted the hogs on 3/1/19. The next H&P report is going to be very important.

Best wishes,

Doc