Texas/New Mexico Stateline | Kooiker - 3/27/2020 07:48
to force delivery but at least it appears that it is an option.
There is NO delivery (none at all, never) in the CME hog futures and as a result there is NO convergence vs the cash markets ever.<
Yes they will converge with the auctions, or your hedge account will settle the difference at closing if there is any. But in reality the last day of trading the futures will match the index because traders don't want to settle.
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