MURICO.com Forum

The CME Lean Hog Index component on the kill for -

9/10/19 was down -0.81 to 61.46. The VVVs settled discount to the component by -1.28.

The six-day moving average carcass weight eased to 210.90#. That is +2.01# yr/yr. Index hogs were steady at 210.61#. Packer hogs are lighter than the non-packer hogs by -0.99#. Packers are still shipping a significantly larger percentage of the daily kill than they were one-year ago but the percentage is not quite as high as it was a few weeks ago. This tells me that packers have liquidated their inventory of market hogs a little. The kill so far this week is running higher than projected from the last H&P report. In a couple of weeks we get the next H&P report.

Best wishes,

Doc