MURICO.com Forum

The final Purchase Index for - - -

9/10/19 was down -1.22 and the model projects the component on yesterday's kill will drop between -0.90 and -1.20. The drop in the VVVs has them now trading discount to the component by -1.60. That will close somewhat when the 201 report comes out and the component backs down significantly.

With their lower bids, packers purchased 91.3% of the daily moving average purchases of total hogs and 86.4% on the Index hogs.

I am still short the VVVs and long the QQQs and Q/V20 spreads.

Best wishes,

Doc