MURICO.com Forum

The final Purchase Index for - - -

3/11/15 was down -$0.50 and the model projects that the CME Lean Hog Index on the 3-11-15 kill will drop between -0.15 and -0.45. The down trend is continuing. The combination of a high kill rate, firm carcass weights and declining cutouts is a recipe for lower prices.

Day-by-day we see data that seems to be confirming that hog expansion is underway. Regardless of how much pork is produced, it will be consumed. The question is, "By whom and at what price?"

The market thinks that it is going to be at a lower price.

Still short the MMMs, NNNs and ZZZs but the long Q/V spreads are soaking up all the paper profits.

Best wishes,

dhm

Messages In This Thread

The final Purchase Index for - - -
Re: The final Purchase Index for - - -
Well, Dewey, even though it seems crystal - - -