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.

Best wishes,

Doc