2/6/17 was up $0.67 and the model projects that the component on yesterday's kill will jump another +0.30 to +0.60. This bull run is rather amazing considering the high level of pork production. But I can't fight a trend, but just have to go with it.

Packers only purchased 85.2% of the moving average daily purchases with their higher bids. I guess this could set the stage for higher bids again today. Still long the GGGs but not as long as I was and not as long as I should be. Trying to scalp a little but keep missing my set-ups. I did get three lond M/N spread off my boat at my profit target. My inventory of long M/N is getting to be mighty skinny.

Now the 201 report is late.

Best wishes,

dhm