2/19/16 WAS up +$0.33 and the model projects that the component on yesterday's kill will move up between +0.35 and +0.65. The up-trend in the index just seems to go on and on and on. Packers are buying and killing lots of hogs and the pork is moving well. Yesterday cutouts gained +0.74.
Traders have pumped the GGGs up premium to the component by 7.92. A 10.00 point ITZ addiction move is well underway.
I want to get long the GGGs this morning.
Best wishes,
dhm
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