MURICO.com Forum

The CME Lean Hog Index component on the kill for -

6/12/19 was, once again, up a little +0.03 to 79.59. The MMMs are now trading discount to the component by -0.34. I bought a couple of MMMs this morning thinking the index may bounce a little today and tomorrow.

The six-day moving average carcass weight eased to 214.46#. That is +4.52# yr/yr. Index hogs are at 214.66#. Packer hogs are under no-packer hogs by -0.07#.

I continue to believe we are still still in the chase looking for the crest to this Hog Cycle. My target is next summer or even summer 2021 at or near the last crest.

Best wishes,

Doc