MURICO.com Forum

The final Purchase Index for - - -

12/24/14 was down $1.29 and the model projects that the CME Lean Hog Index on the 12-24-14 kill will shed something like -0.95 to -1.25. The down trend is continuing. If the H&P report was correct (and the kill since 12/1/14 seems to suggest that it is) there is a good chance that we are going to see enough tightness in the supply of market ready hogs to edge prices up a bit before the GGGs go to cash settlement. After that the kill may be strong enough to keep a lid on prices compared to last year.

I was working an order to sell the Feb cattle/hog spread at 80.20 but have moved it up to 80.50. I don't really HAVE TO sell but will if the price is right.

Best wishes,

dhm