USDA Cattle Report May Allow Profit-Taking KANSAS CITY (Dow Jones)–Friday’s U.S. Department of Agriculture cattle-on-feed report could allow traders to take profits on previously purchased positions after this week’s sharp jump in cash and futures prices for slaughter-ready cattle. Cash prices this week jumped $5 to $8 per hundredweight on a live basis while the… read more
Livestock
Swing Trading Strategies – Learn to read between the lines! [chart]
Dr. Alan Andrews stated that when a median line (the white center line) is drawn, from the most recent swings, the price should return to the medain line 80% of the time. This median line can be used as a target objective where the market will often form a new pivot. October Cattle first tested the median line on July… read more
Swing Trading Strategies – Can Time and Price target objectives be projected in advance? By John Crane [chart]
On August 3rd, August Hogs traded at a new three month high, reaching 87.57, before reversing and closing as an “outside day” price bar with a negative close. The next day, the market collapsed and closed limit-down. Could the time and price of this significant high have been predicted? To answer this question, lets take a look at the ‘action/reaction” time and… read more
Swing trade signals – Bullish patterns in Cattle and Sugar. [chart] John Crane
There are a couple of potential swing trade signals showing up on the charts. The first one to look at is in the August Cattle. The market has formed a bullish TR swing pattern after completing an A-B bottom formation on June 11th. The market rallied off this low and reached the 20-day EMA where it formed… read more
Futures Broker: Conflicting news undercutting Hog market
CHICAGO (Dow Jones)–Conflicting market fundamentals and potential profit-taking are seen undercutting Chicago Mercantile Exchange hogs at the start Thursday. Wholesale pork price’s $1.42 per hundredweight relapse Wednesday suggests to some that retailers are buying hand-to-mouth ahead of the Fourth of July holiday. However packers are expected to pay steady-to-higher money for supplies to satisfy this… read more
CPI [6-17-2010] – Futures Broker
WASHINGTON, June 17 (Reuters) – U.S. consumer prices recorded their bigge decline in nearly 1-1/2 years in May as energy costs dropped, according to a government report on Thursday that pointed to tame inflation pressures and lo interest rates. The Labor Department said its seasonally adjusted Consumer Price Index fe 0.2 percent last month, the… read more
Futures Trader: Hogs under pressure
CHICAGO (Dow Jones)–Deeply depressed equities markets and profit-taking after Chicago Mercantile Exchange hogs’ modest bounce Monday will pressure futures early Tuesday. Futures on the Dow Jones Industrial Average are down more than 200 points amid worries that Greece’s dept problems will spread into other European countries which again boosted the U.S. dollar. Domestic and foreign… read more
Futures News.. Live Cattle / Lean Hogs
CHICAGO, May 17 (Reuters) – Chicago Mercantile Exchange live cattle futures were called mixed at Monday’s opening, with analysts expecting more fund selling after the sharp losses on Friday. However, cattle’s direction may again be dictated by outside markets. A stronger dollar last week helped guide futures lower, but a weaker dollar versus the euro… read more
Profit taking after CME hogs run up Wednesdayis seen pressuring some contracts Thursday
CHICAGO (Dow Jones)–Profit-taking after Chicago Mercantile Exchange hogs’ run up Wednesday is seen pressuring some contracts Thursday. Also, bullish traders may take a step back at first because of uncertainty about whether futures have topped out seasonally or put in a near-term bottom after June and July slid from April 23 contract highs of 87.80… read more
Live Cattle Lean Hogs called higher.
LIVE CATTLE – Up 0.250 to 0.500 cent per lb. * Sharp rebound in stock market futures and outside markets following the Greek rescue plan and 1 percent drop in the dollar overnight seen reducing concern over beef demand. * Futures also discount to cash cattle that traded at $100 LEAN HOGS – Up 0.250… read more