2/8/16 was UP +$0.27 and the model projects that the component on yesterday's kill will jump between +0.20 and +0.50. It appears that the up-trend in the Index is still intact. Generally when the Purchase Index is up, there is some lag time that will carry the CME Lean Hog Index upward to two more days.

Two-days and we are getting mighty close to cash settlement.

In view of the higher projected cash settlement index from yesterday, I piled two more long GGGs onto my boat this morning when the GGGs dipped this morning. I got in @ 64.70. So far it looks like it was the correct thing to do.

I also took on two more long M/Ns. That spread has been treating me well this winter.

Best wishes,

dhm