MURICO.com Forum

The final Purchase Index for - - -

3/3/15 was up +$0.08 and the model projects that the component of the 3/3/15 kill will be up between +0.35 and + 0.65. It appears that the higher than expects kill rated and the weakening cutouts is causing packers to become more cautious in their bidding for hogs.

The weakness in the hog market has moved the JJJs to a discount of -2.50 to the component and the MMMs are premium by 12.28. I am still long a couple of J/M spreads but have order working to run a little money to the bank if they pop a bit higher.

Best wishes,

dhm

Messages In This Thread

The final Purchase Index for - - -
Re: I'm feeling the nibbles-----
Re: He's a fast one-----
It wasn't just the - - -