What’s Up, What’s Down: Focus on Meats

Comments for January 21, 2011

Looking ahead to Friday by reflecting back on Thursday’s Trading

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors

USDA’s MONTHLY CATTLE-ON-FEED REPORT RLEASED THIS AFTERNOON

MEATS: 1/21/11: Higher closes yesterday for lean hogs while lower for the live and feeder cattle ahead of the cattle on feed and cold storage reports  All of the meats continue to be in strong uptrends overall with the cattle and feeders lower off of their reversal type action on Tuesday. The next support area for cattle is around 10750 (Feb.) and the feeders around 12500(Mar). Meanwhile, hogs settled higher still in a strong uptrend overall with its nearest support around the 8000(Feb.) BUY SIGNALS FOR LIVE AND FEEDER CATTLE ALONG WITH LEAN HOGS. CALL FOR DETAILS!

001 chart

002 chart

003 chart

Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.