CORN Corn futures posted a solid close on Friday, despite the higher than expected acreage figure. We continued to trade higher in the overnight session. Weather was getting the attention of traders and that helped to support the market. Crop condition ratings will be updated on Wednesday morning. Expectations are for steady to lower conditions… Read more.
We will offer an analysis of the June Hog and Pig crop report that came out this past Thursday and what we believe it means to live hog futures going forward. First, let’s look at what happened with the live hog and product market this past week. Here is a summary of Pork Carcass cutout… Read more.
Weekly Cattle Commentary 6/23/2017 The bulk of the week’s cash prices ranged between 122 and 123$, with the end of the week dropping to 120$. Dressed sales 190 to 195$. Basis by Friday was 1$ over the June Live board. Estimated weekly slaughter was 632K head, 24K larger than the same week last year. Box… Read more.
This week we will touch briefly on what happened in the pork product market, the live hog market and how this will likely play out this week.
This is a sample entry from Kirk Donsbach’s newsletter, The Cattleman’s Advisory, published on June 19, 2017. Weekly Cattle Commentary 06/16/2017 The week’s cash prices ranged between 128 and 134$, with the higher prices coming early in the week. Dressed sales 200 to 217$. Basis is 5-7$ over the June Live board. Estimated weekly slaughter… Read more.
After this past week we think it has become evident that the price of the live hog futures are having a very difficult time in keeping up with the ever increasing product market as well as with the live hog market.
In this week’s hog commentary we want to compare the projected pork primal price changes mentioned in last week’s newsletter with how the five primal cuts actually closed out this week. We projected the loins would be toppy. They closed out Friday 6/2 at 90.88 but finished the week ending 6/9 at 91.99. hardly weaker… Read more.
Hello everyone! Welcome to edition #1 of what we hope will be the first of a long line of the newest newsletter to come from Daniels Trading and Daniels Ag Marketing. It’s called The Swine Times, and it will be dedicated to helping folks speculate and form fundamental opinions in the Lean Hog markets. By… Read more.
The Trump administration wasted no time in working to talk down the US Dollar. Numerous officials (Mnuchin, Scaramucci, Pence) have all commented that the strong US Dollar hurts US competitiveness in global markets. In an interview with the Wall Street Journal, President Trump said “our currency is too strong. And it’s killing us.” Additionally the… Read more.
One of the main draws traders have towards futures spreads is the reduced margins, but it is important to understand why the exchanges issue margin credit for spreads. The exchanges recognize margin for both flat priced futures and futures spreads should be proportionate to their risk and volatility. In this article, we will go over examples of reduced margins in Crude Oil spreads.