3/1/16 was down -$0.27 and the model projects that the component Friday's kill will be in the range of +0.05 to -0.25.

Packers made a solid purchase at 111.0% of the moving average daily purchases.

This morning I took a quick trip to the bank with deposits from two short M/N spreads that I was able to get of f my boat profitably. There are still several more that I need to off-load.

Best wishes,

dhm