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
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