MURICO.com Forum

The CME component on the kill for - - -

1-16-15 was down 0.35 to 74.92. The down trend continues!

The final Purchase index for 1/19/15 down -$0.05. The model projects that the component on the 1-19-15 kill will be down between -0.10 and -0.40. The down trend continues!

Generally the CME Index will be down for a day or two after the Purchase Index turns up.

Cattle numbers are still in short supply and that does not seem to be the case for hogs. Yesterday packers were able to purchase 93.0% of the moving average daily purchases. Producers are still fairly willing sellers at these lower prices.

Perhaps the Feb cattle/hog spread is a little low so I stuck my neck out and bought one at 79.825.

Best wishes,

dhm