What’s Up, What’s Down: Spotlight on Meats
Comments for September 1, 2011
Looking ahead to Thursday by reflecting back on Wednesday’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
LOWER TREND FOR CATTLE AND HOGS
FUTURES AND OPTIONS TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. FUTURES AND OPTIONS TRADING IS NOT SUITABLE FOR ALL INVESTORS.
MEATS: 9/9/11 Lower closes yesterday for live and feeder cattle along with lean hogs in relatively quiet trading. The cattle settled slightly lower again along with the feeders this time. Hogs had their lowest low and close since around June 8th leading the way lower overall in the meat complex. The cattle’s next support area is, in my opinion, around 112 basis the October contract while the feeders next support area is from 12750 (Oct.) down to 12500. Hogs have been making lower highs over the last seven trading sessions. SELL SIGNALS FOR LIVE AND FEEDER CATTLE ALONG WITH LEAN HOGS. CALL FOR DETAILS!
Labor Day holiday trading hours schedule now posted at HOT TOPICS page of my website
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.