1/7/16 was up +$0.26. I don't have my model up-dated enough to generate a projected change in the component but it will most likely be up a little. The firmness of the Purchase Index may be foretelling the beginning of the long-expected rally in the CME Lean Hog Index. It's about time considering how beaten down hogs have been.

The GGGs are premium to the component by +7.21. Historically that is quite wide.

Ka!! Ching!! Ka!! Ching!! Moved two long G/J spreads off my boat this morning for a quick trip to the bank. Can now buy again or sell more if we go on up from here.

Best wishes,

dhm