Cattle Contracts Geared for Opening Bounce
Live and feeder cattle futures should open moderately higher, supported by short covering and the large premium of cash feedlot sales. Look for lean hog contracts to start out on a mixed basis tied to light bear spreading and profit taking.By John Harrington DTN Livestock Analyst
Cattle: Cash-$2 HR Futures: 10-30 HR Live Equiv $138.41 + 0.23* Hogs: Cash 0.50-$1 HR Futures: mixed Lean Equiv $ 94.32 – 0.21** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue
Read More
http://sweetfutures.com/2013/dtn-morning-comments-on-livestock-12/
The risk of trading futures and options can be substantial. Trading foreign exchange carries a high degree of risk, and may not be suitable for all investors. All information, publications, and reports, including this specific material, used and distributed by Sweet Futures 1, LLC shall be construed as a solicitation. Sweet Futures 1 does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71. This website contains information obtained from sources believed to be reliable, but its accuracy is not guaranteed by Sweet Futures 1. Past performance is not necessarily indicative of future results.
