The Chinese are announcing their measures. In my opinion, this is all about saving face. It is my contention we hold the cards. We are the engine for China’s economic growth. Period. Without the compulsive consumerism of the American public China would be in real trouble. It is my belief that China is closer to a real slowdown than the …
Livestock Report
Live Cattle The June Live Cattle contract continued on its downward spiral on Tuesday, April 3, 2018. It broke down below support (100.275) and made its way toward the 99.375 support level, making the low at 99.55. Rallies have been weak and the selling persistent. If this continues and Live Cattle breaks the 99.375 support level on Wednesday we could …
Cold as a Wagon Tire ? : April Live Cattle
April Live Cattle ” Cold as a wagon tire” is a western slang meaning dead. In today’s trading session the market failed to establish any sort of conviction as it finished slightly lower to 112.100. If they call that an attempt to prove their stability by withstanding any continued selling pressure I remain unimpressed. As touched upon in …
AG Recap
The Soy was up early and eased towards the close. There are alot of considerations. The acreage was a surprise. This obviously was a reason to push higher. the outlook going forward will be dependant on domestic supplies and the ability for the US to compete in the export arena. The Argentinian situation is dialed in. The question now is …
“Pishkun”: April Live Cattle
April Live Cattle Back in the day hunters herded and drove bison over a cliff. The Blackfoot Indians called this method “pishkun”, which loosely translate as “deep blood kettle”. To me it would seem appropriate to use this term to describe what took place in the cattle market at the end of last week when it failed to …
Livestock Report
Live Cattle The June Live Cattle contract made another new low (100.775) for the down move on Monday, April 2, 2018. It one again made an early attempt to rally that failed. It traded to 103.825, just below the low end of the 104.20 – 104.85 resistance zone. Once again the rally failed; and it broke down and traded to …
Grain Spreads
Soy Complex Last Thursday’s crop report resulted in major surprises for not only soybeans but for corn and spring wheat as well. Given that the report was at month and quarter end and in front of a three day weekend, the volatility following its 11 am release didn’t disappoint. The big surprise was the cut in prospective soybean acres for …
AG Outlook
The Soy complex struggled today, led by beans and meal. The USDA report surprised with acreage. A question. Historically high carry , with historically high prices relative to stocks, and we will plant less. OK, Looking forward. The Bean Carry with a trend yield and a decent growing season will still net a 500 carry. the Next SA crop will …
Rocky Road: Us 30 yr Bond Futures
30 Year Bond Futures According to one source, the flavor of the popular ice cream was created in March 1929 by Joseph Edy’s business partner William Dreyer in Oakland, Ca . After the market crash of 1929 Dreyer and Edy gave the flavor its current name “to give folks something to smile about in the …