Livestock Report

Ben DiCostanzoGeneral Commentary

The February Lean Hogs contract opened lower, traded to the low at 68.60 and then rallied past resistance at 69.90 to the high at 70.20. This is just below the declining 13 DMA now at 79.34. It consolidated below the high, then broke down and settled at 69.025. Hogs are trying to climb into the upper end of Friday’s range …

Grain Spreads: Gameplan January Report: Corn

Sean LuskGeneral Commentary

I have something to consider going forward into Fridays report regarding corn and how one might trade it. I see volatility picking up into Fridays Janaury 10th USDA report followed by the suppossed Phase One Deal signing with China on January 15th. Should we get any specifics on increased demand from China, we could trade over 4.00 in spot March …

Livestock Report

Ben DiCostanzoGeneral Commentary

   The February Lean Hogs contract made an early attempt to rally past the Monday high as it traded up to 69.35 for the session high. The failure to hold on to the high resulted in a break down which sent price back down to support at 67.80, making the low just above it at 68.025. Once again, the skittish …

Livestock Report

Ben DiCostanzoGeneral Commentary

   The February Lean Hogs contract opened above the 68.75 resistance level and then failed to hold it and saw some follow through selling from Friday’s limit down move. It traded past support at 67.80 and the rising 50 DMA at 67.65 to the session low at 67.55. It was able to hold the 50 DMA and recoiled, trading up …

Livestock Report

Ben DiCostanzoGeneral Commentary

The February Lean Hogs contract gap opened lower, closed the gap as it made its high at 70.90 then fell apart at the seams. It went down limit and settled down limit at 68.55. Settlement was below the 68.75 support level. This collapse erased the gains that started with the rally on December 13, 2019 when it broke out above …

Livestock Report

Ben DiCostanzoGeneral Commentary

The February Lean Hogs contract opened higher, broke down to the low of the day at 70.775 and then rallied to the high of the day. It made the high at 72.60, just below resistance at 72.80 and pulled back settling near the open price at 71.55. This is a new high for the fledging break out, but it couldn’t …

Livestock Report

Ben DiCostanzoGeneral Commentary

   The February Lean Hogs contract consolidated within Monday’s trading range. It settled at 71.425.  This is right at the low end of the 71.325 – 71.85 resistance area. It was a nothing end to an interesting trading year. Tariff wars are at least temporarily over with and the US – Chinese phase 1 signing should take place test on …