MURICO.com Forum

The final Purchase Index for - - -

1/16/2020 was up +0.89 and the model projects the component on yesterday's kill will be up between +0.35 and +0.65. The GGGs settled premium to the component by +6.50.

With their higher bids, packers purchased 79.9% of the moving average daily purchases of total hogs and 86.5% on the index hogs. Those are lower than usual numbers so packers may be wanting a few more hogs today with cutouts trending up a little.

Best wishes,''

Doc