China looks to lower tariffs on imports as the critical date approaches. A 2.8 million head slaughter this week will likely limit upside
The Swine Times
G-J struggles again above 6 cents. Lets take profit and buy a break
We expect the Dec contract to continue to chop this week. We will be looking for evidence of topping slaughter numbers to jump long Feb.
Quiet night at the CBOT for feed grains, soybeans give back yesterday’s gains. Cotton cant buy a rally amidst falling conditions.
Dec contract fights with high pork production, limiting cash price advances. Feb and beyond remain strong as potential Asian demand supports
We like buying Feb selling April on this morning’s break
Hog markets broke into the weekend on weaker cash, high slaughter and heavy weights. We look for this trend to continue. Sell rallies in Z.
Summer contracts took it on the chin as cash was supportive the front of the curve.We will look to buy Z or G-J spreads on breaks, next week
Hog futures broke last week while cash rallied.China continues to be the bullish theme,countered by a bearish outlook from massive slaughter
We caught a very nice move on the open yesterday, Z shorts are profitable by 3.00. We are going to cover ahead of tomorrows exports