What’s Up, What’s Down: Spotlight on Meats
Comments for September 27, 2011
Looking ahead to Tuesday by reflecting back on Monday’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
BULLISH USDA REPORT BRINGS LIMIT UP MOVE TO CATTLE FUTURES
MEATS: 9/27/2011
Sharply higher for the live and feeder cattle while lean hogs settled lower. The December cattle and November feeder cattle contracts gapped and settled up their 300 point daily limits off the cattle on feed report from Friday afternoon. I have a feeling my sell signals won’t be lasting long! However, don’t forget my feeling about gaps in the meats. Please call if you don’t know what I mean or need a refresher. The hogs settled lower the brunt of spreading but have been attempting to base since the beginning of September. SELL SIGNALS FOR LIVE AND FEEDER CATTLE ALONG WITH LEAN HOGS. CALL FOR DETAILS!
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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.