4/28/16 was strong this morning being up $0.66. The model projects that the component on yesterday's kill will also be strong up probably something like +0.40 to +0.70.

Packers made only a fair purchase with their stronger bids: 93.4% of the moving average daily purchases.

Spreads are moving well today and I have been to the bank a couple of times and piled nine more spreads onto my boat. It has spaces for a few more.

Best wishes,

dhm