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Anonymous
HELLO OUT THERE. I'M NOT MUCH FOR TALKING ABOUT MYSELF, BUT I'LL BE POSTING PRE-OPEN, MIDDAY, AND CLOSING LIVESTOCK FUTURES COMMENTS HERE ON A DAILY BASIS. YOU CAN READ A BIT ABOUT MY HISTORY AT MY SITE IF YOU'D LIKE. THE LINK IS BELOW. LIVE CATTLE...CASH TRADED MOSTLY $76-77 THIS WEEK DOWN $2-3 FROM LAST WEEK. PACKERS ARE HOLDING KILLS DOWN TO MOVE SOME BOXES. WE HAVE A DEMAND PROBLEM. TRADE HOPES WARMER WEATHER WILL STIMULATE RETAIL SALES. THE ONLY MONKEY WRENCH IN THIS MAY BE MORE MAD COW/H&M NEWS BEING SPLASHED ACROSS THE NEWS. HERE'S HOPING THAT OPRAH STICKS TO HER BOOK CLUB AND OUT OF THE LIVESTOCK BUSINESS. WEEKLY KILL WAS 633K DOWN 5.9% FROM LAST YEAR. IT WILL BE HARD FOR CASH TO RALLY AS WE WORK INTO BIGGER NUMBERS INTO JUNE. BOARD HAD AN OVERSOLD BOUNCE TODAY. LACK OF FUND SELING GAVE LCM AN INSIDE DAY. WE ARE NOT DONE WITH THE FUND SELLING IN LCM, BUT IT LOOKS LIKE WE WILL HAVE BUYERS ON FURTHER WEAKNESS. DOWNSIDE TARGET IS 7060-7080 COF IS SLIGHTLY BEARISH ON BOTH PLACEMENTS AND MARKETINGS. NUMBERS ARE 103 TOTAL 89 PLACE AND 91 MARKET. IF I RECALL CORRECTLY, THAT'S FOUR STRAIGHT REPORTS IN WHICH THE TOTAL NUMBER OF CATTLE ON FEED HAS INCREASED BY 3%. FOR NOW, IT LOOKS LIKE WE HAVE SOME HEAVY WEIGHT CATTLE TO WORK THROUGH, BUT WITH THE LIGHT-WEIGHT CATTLE BEING PLACED, WE SHOULD BE IN BETTER SHAPE LATER THIS YEAR. WHOEVER SAID THIS WOULD BE AN EASY BUSINESS. IF YOU HAVE ANY QUESTIONS, FEEL FREE TO EMAIL OR CALL ME 7 DAYS A WEEK AT 773-929-4578 BETWEEN THE HOURS OF 7:00am - 11:00PM CST. NO NEED TO WORRY ABOUT BEING PRESSED FOR BUSINESS. I HATE THE HARD SELL THAT GOES ON IN THIS BUSINESS. ALSO, FEEL FREE TO CHECK OUT THE MESSAGE BOARD AT MY SITE FOR MORE LIVESTOCK AND GRAIN TALK. PLEASE TAKE NOTE THAT THIS COMMENTARY IS IN NO WAY MEANT AS A RECOMMENDATION TO BUY OR SELL FUTURES. TRADING INVLOVES RISK AND IS NOT SUITABLE FOR EVERYONE.
LIVE HOGS...MIXED-WEAK CASH OF 66-66 1/2 LEAN TOPS. STEADY CALL FOR MONDAY. COLD STORAGE IS FRIENDLY WITH PB NUMBER AT 45.4. TOTAL PORK ALSO LOOKS FRIENDLY. FMD UPDATE HAS RUSSIA PARTIALLY LIFTING THEIR EU BAN. THAT LEAVES DOOR OPEN FOR BETTER US EXPORTS. BOARD CONTINUES TO HOLD THIS WEEK WITH MOSTLY LOW VOLUME. I THINK YOU TRY TO SELL THE NEXT MOVE TO NEW HIGHS WITH 7365 AND 7500 THE TARGETS. SEASONALS ARE UP INTO FIRST HALF OF MAY.
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LIVE HOGS...MIXED-WEAK CASH OF 66-66 1/2 LEAN TOPS. STEADY CALL FOR MONDAY. COLD STORAGE IS FRIENDLY WITH PB NUMBER AT 45.4. TOTAL PORK ALSO LOOKS FRIENDLY. FMD UPDATE HAS RUSSIA PARTIALLY LIFTING THEIR EU BAN. THAT LEAVES DOOR OPEN FOR BETTER US EXPORTS. BOARD CONTINUES TO HOLD THIS WEEK WITH MOSTLY LOW VOLUME. I THINK YOU TRY TO SELL THE NEXT MOVE TO NEW HIGHS WITH 7365 AND 7500 THE TARGETS. SEASONALS ARE UP INTO FIRST HALF OF MAY.
click here for my site
[email protected]
