1/16/18 was up +0.15 and the model projects that the component on yesterday's kill will be up between +0.40 and +0.70. Packers did not get a very good purchase of total hogs yesterday at 68.1% of the moving average daily purchases. Yesterday the GGGs settled premium to the component by +1.34.

Still a tad long the GGGs.

Best wishes,

dhm