1/30/17 was up +$0.36 and the model projects that the component on yesterday's kill will be up between +0.10 and +0.40. We are still in an up trend.

Packers made a solid purchase at 97.8% of the moving average daily purchases yesterday.

Cutouts are holding firm, index is trending up and packers are finising their hogs to heavy weights. All bullish signs so I am still long the GGGs.

Best wishes,

dhm