1/16/17 was Up $0.72 and the model projects that the component on the 1/16/17 will will move up between +0.60 and +0.90. It appears that the up-trend is still alive and well. The "Gap" is only +1.11 with the GGGs being premium to the component. The way packers are laying money on hogs, that "Gap" is not much of a burden and could be closed in a hurry.

With their higher bids yesterday, packers only made a fair purchase at 81.0% of the moving average daily purchases.

If I get a good chance, I think I will take profits on some of the GGGs are held over the weekend and the pre-opening indicates I might be able to dump one or so.

Best wishes,

dhm