MURICO.com Forum

The CME Lean Hog Index component on the kill for -

7/16/19 moved up 0.50 to 71.03. The QQQs have surged and are now trading premium to the component by 10.47. That's quite a "Gap" but the kill rate is cooling of and cutouts are coming alive. I have sold a couple of QQQs and I may have made a B I G mistake.

The 6-day moving average carcass weights eased to 210.61#. That is +3.38# yr/yr. Index hogs also got lighter at 21.45#. Packer hogs are only +0.09# heavier than the non-packer hogs. Packers have really become current in their shipments.

Best wishes,

Doc