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The CME Lean Hog Index component on the kill for -

1/28/2020 was up +0.68 to 62.73. It appears the GGGs are going to settle premium to the component by +1.57. A lot of the "Gap" closing has come about by the GGGs drifting lower. Packers' gross margins have now fallen to $29.02/index hog.

The 6-day moving average carcass weight eased to 2216.63#. That is +1.22# yr/yr. Index hogs were a bit heavier at 214.57#. Packer hogs were heavier than non-packer hogs by +3.33#.

It is highly likely the coronovirus in China is disrupting the movement of goods including food stuffs and this will have a negative impact on consumption and importation of American pork.

The long summer futures are doing significant damage to my margin.

Best wishes,

Doc

Messages In This Thread

The CME Lean Hog Index component on the kill for -
Here is some of what I rec from Dennis
Re: Here is some of what I rec from Dennis