2/3/17 was UP +$0.45 AND THE model projects that the component on Friday's kill will move up by 0.20 to +0.50. We are still in an up-trend.

With their higher bids, packers were able to purchase 125.7% of the moving average daily purchases. Weekend purchases are usually higher but I don't thinkthis one was high enough to make up for the low kills earlier in the week so I am expecting packers will keep their bids firm today.

Still long the GGGs.

Best wishes,

dhm