Meat Futures Update

News & commentary on Meat Futures markets including live cattle, feeder cattle, lean hogs and more.

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.

This blog is brought to you by Zaner Group, one of America's oldest family-owned and operated futures and forex brokers.  Zaner provides a wide range of services from research and recommendations to the execution of all your futures needs.

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Futures, options and forex trading is speculative in nature and involves substantial risk of loss.  These recommendations are a solicitation for entering into derivatives transactions.  All known news and events have already been factored into the price of the underlying derivatives discussed.  From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.


HOGS POISED TO TAKE OUT THEIR 70.00 RESISTANCE?

Posted on 2/2/2017 1:17:39 PM by: Judy Crawford, Market Strategist @ Zaner. 312-277-0133.

HOGS POISED TO TAKE OUT THEIR 70.00 RESISTANCE? Hogs technically are suggesting that they are back for another attempt at the 70.00 resistance. They have been pushing up against that resistance since mid January. Four attempts at getting over it have failed. As of today they have set themselves up for another potential try with a stronger technical setup than with previous attempts. A possible trade suggestion and reasons:
Buy April hogs.
Buy 69.80 stop. Protective stop 68.20. Potential projection 80.00. (Potential risk $640. Potential reward $4080). Margin: $1480.
Reasons for the Trade:
1. The monthly chart has a buy signal.
2. The weekly chart is triggering a buy this week.
3. On the weekly chart hogs rallied over the 100 avg. this week. That’s positive.
4. On the daily chart hogs have been in an uptrend since the Sept. low. They have had four waves up and appear to be starting a fifth wave up. If so, they should take out the 70.00 resistance.
5. On the daily chart they rallied back over both the 10 & 20 avg. on Tuesday and have held that gain since.
6. On the daily chart their recent selloff formed a reversal bottom. It was that formation that established the low on Dec. 27 followed by new highs.
7. Today was an inside day that can trigger a signal and market direction.


NO UPDATE TODAY

Posted on 8/31/2016 6:37:51 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


NO UPDATE TODAY

Posted on 8/17/2016 7:15:42 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


NO UPDATE TODAY

Posted on 8/3/2016 6:26:31 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


FEEDERS SERIOUS ABOUT BOTTOMING?

Posted on 8/1/2016 1:32:11 PM by: Judy Crawford, Market Strategist @ Zaner. 312-277-0133.

FEEDERS SERIOUS ABOUT BOTTOMING? As of Friday, the technical setup in the beef suggested that there would be a follow through in the sell signal in feeders and that the gap in both live and feeders could be filled. I mentioned that in yesterday’s Trade Alert. That was totally negated today. This is very positive action in supporting what the feeders have been suggesting lately - they are becoming the stronger one technically in attempting a major bottom. That is critical to end the bear move. The fact that they negated what was a negative setup technically today further supports that they could be serious about bottoming. That same setup months ago would have followed through and then some. And the fact that they continue to hold in the same area that was the bottom to the market in 2013 before they began the rally that took them over 240.00 is supportive too.


NO UPDATE TODAY

Posted on 7/27/2016 7:12:06 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


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