This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Thursday, December 21, 2017.
Cattle on Feed and Quarterly Hogs and Pigs reports will be released during market hours tomorrow at 11:00AM (CST). Pre-report estimates are as follows:
Cattle on Feed: 106% (year ago levels)
Placements: 108%
Marketings: 105%
All Hogs and Pigs: 102%
A while back I made mention of the “head and shoulders” technical chart pattern taking shape in cattle and where that analysis projected price. Now that we are nearing the projected lows, I would be using this opportunity to roll everything down (if in the money) prior to tomorrow’s report.
See below for chart analysis/commentary. Call me at 877-566-5463 for assistance with your strategy.
Cattle
Lean Hogs
Risk Disclosure
THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION.
THIS MATERIAL HAS BEEN PREPARED BY A DANIELS TRADING BROKER WHO PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, DANIELS TRADING DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1.71. DANIELS TRADING, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN.
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