As 2016 begins, the commodity bears are getting close to a “perfect storm” from all directions.
Economic prospects have improved over the last two weeks, as crude oil prices have shown signs of declining further, the Fed have minimally downplayed the prospect of a near-term rate hike, and perhaps most importantly, the ECB did “something” to help facilitate growth in the euro zone.
Risk sentiment received a shot in the arm last week after the latest FOMC meeting tamped down concerns over global growth and used more decisive language in favor of a December interest rate hike.
The U.S is the largest producer of grain fed beef in the world due to its abundance of pasture suitable for grazing and its large supply of feed grains. Live cattle prices have been rallying to all time high prices, presenting numerous trading opportunities. Whether one is a rancher needing risk management tools or a… Read more.