1/8/19 was up 0.16 and the model projects that the component on yesterday's kill will jump between +0.20 and +0.50. This would be in line with the average daily jump of +0.47 we have seen the past four days. I took profits on all long GGGs except one and decided to HODL it because of the fairly strong projected jump in yesterday's index and also because packers did not get a very strong purchase yesterday with their firm bids. Now I am waiting for a nice dip to buy more GGGs.
Yesterday packers purchased 76.4% of the moving average daily purchases of total hogs and 84.9% on the Index hogs.
Took profits on two long summer futures this morning and am now in the chase to replace them. My boat is adequately loaded for my risk tolerance.