for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
PFGBEST Livestock Market Comment
CHICAGO - Aug 16/10 - SNS -- Following is the livestock futures comment from PFGBEST Research.
HOGS AND CATTLE: (week ending 08/14/10)
By Robert Short
Weekly Statistics
I must be out of the office this coming week.
Hogs: We should be short a second unit of October hogs as they did rally into the 7500-7600 area. This week's product rally for the upcoming Labor Day holiday will be over by mid-week of this coming week. Local traders will anticipate product top by selling futures as they will look for our normal decline in late summer ' early fall cash hog prices. Use 175 point buy-stop for protection.
Cattle: We talked last week of buying August cattle futures against selling October futures on a spread. The spread did make 198 points ($792.00) for the week. With August futures still under cash and no deliveries the spread should continue. Please remember August cattle futures go off the 'board' at the end of this month. If October futures were at their normal 400-600 point premium to 'panhandle' cash we could add to this spread on any one or two day correction. As we closed October cattle futures 'at cash' it makes it to tough to add. If August should get more than 280 points under October liquidate spread
PFGBEST Research Team
Phone: 800-361-6855 or 319-553-2181
DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In
no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be
limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained
from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material
presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. and/or STAT
Publishing or its staff and/or management.
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2012 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |