The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, November 26, 2024 February Lean Hogs The last time I wrote about Lean Hogs was on Nov 14th, which was that big red down day about 9 bars ago on the chart. At that time, the market had just broken through the …
Livestock Update
Commentary: The Live board closed down. The nearby limit again. As indicated Thursday the market is not signaling a low yet. The fundamentals continue to point to potentially further losses. The issue is two fold. First the packer appears to be slowing the slaughter rate. This would cause a backup and continue to pressure prices. Second, the pork market is …
Livestock Update
Commentary: CATTLE The Live market under considerable pressure again today. The cutout values declining considerablly in the last 10 days. There are concerns that are real that the slaughter will continue to slow. The numbers for the week prove this is grounded in reality. The shutting of the JBS plant is of concern as well and falls in line with …
Livestock Update
Commentary: LIVE CATTLE The cattle opened lower today. The close was locked limit. Look for follow through. The expanded limits after yesterdays close did not help. The talk of discount to cash means little to the market. It should be remembered that it has rarely of late. The weights remain high during a difficult time. The consumer is spent after restocking. …
Livestock Update
Commentary: LIVE The meat market has a lot to consider at present, as all markets do. The Covid has taken its toll on demand and is a consideration. The cattle weights remain high and this is an issue. The March demand story that had consumers buying to stock the freezer to get through a couple weeks has turned into a …
AG TIME – IT MAY PAY TO BE CONTRARIAN
The USDA released their report. The screams of bullishness. It is important to separate the beans from corn here, because I feel much differently about them. The USDA added to the global carry, now 92 mmt. Huge. The new crop is reduced to 87 mmt. I have some issues with this and really am questioning the reasoning behind this. The …
Farmers see KC wheat explode 50c
Good Mid-week Speculators, First it’s wild how when I take time off over decades that markets tend to move vertically (good, fast)and here we had end-of-month buying in KC wheat now up what? 50 cents from last week low in that overnight, down 1% cleaning as much as the HFT rats could stop out. KC $7.00? why not? But rocky soon. …
LC FC, Hogs, same pattern? Lumber, Corn Wheat supports.
Cattle-panic chaos day? Lumber 3rd limit down? I do these in every market for Pro’s of all types. If it is not here and you want to see why this is what you need to use, call. 312 957 8248 biz hr.s, or email direct. 10% moves fast everywhere, too many to list. Stock up 1,000% in 2 years! Bit …
Olive line day, host of markets NatGas !
Today we had some wild swings across the board as you will see in the charts. Study the charts because there is a rhythm to this. Get over a line, especially an olive, algos buy as a scratch and pushed crude up today but this happens everywhere. Stocks are out of control but S&P and Dow are at a …
Grains, Hogs, Cattle, Soft technical update’s, Stocks
Stars say-Mercury begins its retrograde motion Saturday evening encouraging us to review and rethink our plans. Use this three-week period to assess what’s working and what’s not and adjust our game plan accordingly. Be vigilant and aware that messages may be garbled and breakdowns could occur, so take extra care operating machinery and in all communications. ——————————————————– This was always …
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