News & commentary on Meat Futures markets including live cattle, feeder cattle, lean hogs and more.
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Meat Futures Update is a blog dedicated to bringing updates, news and commentary on meat futures markets including live cattle, feeder cattle, lean hogs and more.
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Posted on 3/5/2015 1:28:30 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.
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Posted on 2/26/2015 2:10:41 PM by: Judy Crawford, Market Strategist @ Zaner. 312-277-0133.
BEEF BOTTOMING? The trading behavior (that I pointed out in last night’s Trade Alert) regarding live cattle and feeders on their daily charts was suggesting a rally. I had pointed out…..
In my Trade Alert yesterday I pointed out that live cattle had taken out their previous lows on their daily chart. That is negative. But when they did so in mid January they kept going. They didn’t do so as of yesterday. Instead they rallied. Also when they did sell off in January the feeders took out their low the following day. There was a day lag. This time feeders had yet to take out their lows and rallied yesterday too. So I asked if this was suggesting a rally from current levels? That is what occurred today.
The question now is how far will this rally go? Feeders are the most constructive because they are attempting to form a 1,2,3 bottom formation on their daily chart. Live cattle are not. Feeders triggered a buy today. Live cattle did not. If feeders are going to take the lead now, we could see an extended rally to 209.00 to 210.00. The key is to get over 204.00. As for live cattle, they could test 154.00.
Posted on 2/19/2015 1:19:17 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.
Posted on 2/18/2015 6:24:43 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
CATTLE ON FEED FRIDAY
LImit down closes for live cattle and feeders while sharply lower for lean hogs. Although I haven't written my comments for a while it doesn't mean that I'm not following the meat complex. It doesn't take a rocket scientist to see the feeders plummeting are leading the way down for cattle and hogs. I would have given sell signals Dec. 5th for the cattle and hogs while Dec. 12th for the feeders. I haven't been in this complex for a while now because I don't feel that I can adequately control my risk. Historically, the meat complex prices haven't been this high meaning the kind of correction that they're having was to be expected sooner or later. Obviously, the trick was when and their options lack decent liquidity. SELL SIGNALS FOR LIVE AND FEEDER CATTLE ALONG WITH LEAN HOGS. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
Posted on 2/18/2015 6:24:34 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Posted on 2/11/2015 6:19:04 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Markets: Meats, CME Group (CME), Chicago Board of Trade (CBOT), Globex, Live Cattle (LC, LE), Feeder Cattle (FC, GF), Lean Hogs (LH, HE), Class III Milk (DA, DL).
Futures, options and off-exchange retail foreign currency ("forex") trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. Past performance is not necessarily indicative of future results.