MURICO.com Forum

Hogs by Dennis Smith

Good morning DH, and thanks for stats, I still have all my long august. Yesterday Dennis rec was to sell august if or when it gets to 85! I still think hogs are going much higher but they are giving me a whipping in meantime!

Following are Dennis's comments this morning.

There is no early read on cash hogs yet, Im assuming higher. Butcher hog numbers are finally dropping off. This weeks kill is projected to come in down 2% compared to last year and down 4% from last week. Weights are expected to decline. Its hot and getting hotter. If hog prices cant /dont rally in this environment were in for a long fall season. Data from China continues to indicate that ASF is still spreading and that theyre losing pigs, lots of pigs. Weekly pork export data is strong but it does not match up with monthly data. This tells me that the split carcass shipments by Smithfield are being picked up in the weekly series but not in the monthly data. The monthly data indicates year to date exports are down. The CEO of Smithfield, last week, indicated theyre not owned by the Chinese. What? Look for a rally today.

Messages In This Thread

The afternoon Purchase Index for - - -
Hogs by Dennis Smith
This has been a rough year for me also, Dewey, but
Re: DH, I'm having a hard time-----
Well, ITZ, I have had a hard time - - -