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.
Market Action Alert
This blog update is highlighting the Market Action Alert Soybean Spread entry that was released and sent to subscribers of the Market Dimensions advisory 1/5/15. This is the 2nd spread entry for the month of January 2016. If you would like to follow these Market Action Alerts, as well as my short term futures trades, contained with-in my MDA SnapShot, I encourage you to sign up for your FREE subscription to the service.
We are entering a seasonal spread window for live cattle futures. This seasonal spread is selling August Live Cattle against buying December Live cattle.
Our Heating Oil position is continuing to move in our favor another session. This spread position just put in another low @ -.1582 (That is 702 ticks or $2948 of profit before fees). The January heating oil has an expiration of 12/31/15. So we do have a small window of time left on this trade.
The January WTI vs Brent Crude oil trade I have been holding finally broke out of the short term channel I highlighted on our last update.
The Long March Beans vs Short March Wheat spread position we have been holding @ 4.10 has reached the allotted risk level designated when the trade was written up @ 3.80
Look at the breakdown in heating oil today! We are hitting on 15 year low prices in this spread relationship. Our position is really moving in our direction. At the time of this update the spread position traded last @ -.1332 (+$1898 before fees.) I wanted to provide an update on our position and see where we may go from here.
I wanted to give an update on the basket of spreads we are holding from our Market Action Alerts. Overall we are looking good on the positions. Below you will see updated charts showing the spread entry, risk and price action. If you have any questions on these trades, please feel free to reach out to me. Stay tuned for more spread opportunities in the future.
I wanted to provide an update on the Feb/June Live Cattle Spread we are holding.
As mentioned yesterday there are several spreads I am watching to start the month of December. The next spread I like is a longer term play in the feeder cattle market.