COW vs function of LC and LH

2*BATS:COW/(0.5*CME_DL:LC1!+0.5*CME_DL:LH1!)1W

Description

⋅ Nov 5, 2016 4:06 PM

COW vs even weighted avg of live cattle and hog futures. The current LC to LH ratio is about 3:1 so equal weighting in this view is actually higher weighted to LC.