What’s Up, What’s Down: Spotlight on Meats
Comments for March 25, 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
CRUDE OIL FUTURES HAD ITS BEST CLOSE IN 10 TRADING SESSIONS
MEATS: 3/25/11 HOGS & PIGS. The always important hog & pigs report comes out Friday afternoon and since they only come out quarterly great emphasis is placed its findings. Higher for live and feeder cattle along with lean hogs. The cattle and hogs are in their respective resistance areas at this time. Long-term all are in uptrends and while I still have a sell signal for hogs, it’s being threatened at this time. The key price to watch for the June contract is 10250. This is the area to take a short postiion but I don’t recommend new positions before the hog & pig reports unless you like ‘rolling the dice’. BUY SIGNALS FOR LIVE AND FEEDER CATTLE. SELL SIGNAL FOR HOGS. CALL FOR DETAILS!
Note: As of 8:30 am (Central) this morning, the MEATS sector is up a composite 0.24%; led by Hog and Cattle futures. View my Futures HeatMap b y clicking or typing this link into your browser: https://www.markethead.com/2.0
Did you now you can trade the Chinese currency via renminbi futures at CME Group? Read my special report on trading Chinese currency futures: https://www.zaner.com/3.0/ljsrenminbi.asp
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.