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<blockquote data-quote="Anonymous" data-source="post: 469"><p>>More likely than not, it's just a seasonal tendency. If you look at the 5 and 15 year seasonal charts, you will see that feeder cattle prices tend to peak in the first week of April followed by a sharp decline into the 1st week of May. With the major wave count from the weekly charts, it appears that move to $72.20 basis the May contract could wind up the bear market that began in June of 2001. So, anticipate a pretty sharp drop between now and the next 4 weeks. As far as hogs go, I look for June to stall between $$57.00 made yesterday and possibly as low as $56.00. I then look for a sharp rally back to $61.00 to $63.00. The lean hog index has turned back up and gaind a little over $.80 in the past 2 days. Anytime you would like to talk, I'd be more than glad to. You can follow my commentaries daily at <A HREF="http://www.shootinthebull.com" TARGET="_blank">www.shootinthebull.com</A>. Thanks for taking the time to write. I hope this helps. Chris</p><p></p><p>I wouldn't begin to play the</p><p>> cattle futures I'll leave that to</p><p>> the pros like Hilleary Clinton.But</p><p>> I have noticed a sharp increase in</p><p>> cattle prices at the local auction</p><p>> barns.Chris do you think this is</p><p>> just seasonal or could this be a</p><p>> long term uptrend?Do you have any</p><p>> thoughts on hogs?</p><p></p><p></p><p></p><p> <a href="mailto:chris.swift@rcgnashville.com">chris.swift@rcgnashville.com</a></p></blockquote><p></p>
[QUOTE="Anonymous, post: 469"] >More likely than not, it's just a seasonal tendency. If you look at the 5 and 15 year seasonal charts, you will see that feeder cattle prices tend to peak in the first week of April followed by a sharp decline into the 1st week of May. With the major wave count from the weekly charts, it appears that move to $72.20 basis the May contract could wind up the bear market that began in June of 2001. So, anticipate a pretty sharp drop between now and the next 4 weeks. As far as hogs go, I look for June to stall between $$57.00 made yesterday and possibly as low as $56.00. I then look for a sharp rally back to $61.00 to $63.00. The lean hog index has turned back up and gaind a little over $.80 in the past 2 days. Anytime you would like to talk, I'd be more than glad to. You can follow my commentaries daily at <A HREF="http://www.shootinthebull.com" TARGET="_blank">www.shootinthebull.com</A>. Thanks for taking the time to write. I hope this helps. Chris I wouldn't begin to play the > cattle futures I'll leave that to > the pros like Hilleary Clinton.But > I have noticed a sharp increase in > cattle prices at the local auction > barns.Chris do you think this is > just seasonal or could this be a > long term uptrend?Do you have any > thoughts on hogs? [email=chris.swift@rcgnashville.com]chris.swift@rcgnashville.com[/email] [/QUOTE]
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