What a surprise this morning to see such a MAJOR move higher in POU. After price changes, if any, of a mere 25 cents per pound since early May, this week's semi-monthly auction resulted in a move higher by $1.25 to $30.00 per pound. This looks to be the largest move higher in about three years.

Following the longest period of essentially flat prices that I've seen in decages, this move is, I think, the conclusive evidence that the bad times are over for this market. JMO, of course.

VP