12/23/16 was DOWN -$0.32 and the model projects that the component change on Friday's kill will be in the range of +0.10 to -0.20.

With their lower bids, packers purchased 95.4% of the moving average daily purchases. I think hey did not want to make a big purchase in front of the holiday weekend.

So far I have not been hurt by going into the holiday weekend long the GGGs. In fact, I have taken some to the bank this morning.'

Best wishes,

dhm