56/3/16 was UP 0.87 and the model projects that the component on Friday's kill will be up between +0.20 and +0.50. With the MMMs trading premium to the component by +5.30 and only seven trading days until the MMMs expire, it is going to take a lot of firm bids by the packers to close that "Gap".

Packers made a solid purchase Friday at 144.2%$ of the moving average daily.

Best wishes,

dhm