1/9/17 was up +$0.98 and the model projects that the component on yesterday's kill will jump between +0.30 and +0.60. The GGGs settled premium to the component last night bu +4.38.

Cut outs posted a nice gain.

Packer hogs are still heavier. I'm viewing that as mildly bullish. Added another long GGG yesterday.

Best wishes,

dhm