1/8/15 was down -$0.24. From this the model projects that the CME INDEX component on the 1/8/15 kill will drop between -0.20 and -0.50. Generally the trend in the Purchase Index will end a day or two before the component. Based on this, I think the CME Index will continue on the down trend today and probably Monday.

Cattle are down again today. There goes my idea of them testing their previous high! I didn't lose any money waiting for the Feb Cattle/Hog spread to get near 90.00 to sell.

Didn't make any either.

Best wishes,

dhm