Brazilian Cattle trend upBrazilian cattle has got a long term down trend due to lack of demand but for moment it might change .....trend up now
Short in Lean HogActive COT Signal and downtrend on weekly:
The 1d bearish market structure is still in place.
On the 4h timeframe a small correction is confirmed and upper range of 1d market structure. If next 4h candle close below last low then lower high is confirmed and 4h down trend is in line with weekly a
Long Lean Hogs, Short Feeder Cattle, seasonal shiftCan be done on CME, the ratio is 4.15 Contracts of Lean Hogs per 1 contract short GF Feeder cattle.
This should mean revert.
Could the premium get even beefier?
In a previous article, "A Beefy Premium" , we delved into the growing divergence between Live Cattle and Lean Hogs. Since then, this disparity has only broadened.
Currently, we're seeing a historic peak in both the absolute price difference (Live Cattle – Lean Hog) and the price ratio (Live
Beef Is Looking Toppy...Rising wedge. 60% of these break down. Confluently, the monthly stochastic RSI is topping and the monthly RSI is screaming overbought. I expect a possible and highly probable drawdown of 7-13% over the next 6-9 months. Nothing is for certain, however, so please exercise sound risk management.
Short Oct Lean Hogs at MarketMarkets have been volatile lately across the board, Ags seem to be getting punished and technicals are indicating a move lower still, taking a short position at market with protective Stop Loss at 84.40. Full moon lately in the Midwest as we move into October/November season, Lunar belief traders ar
Limbo in December Live Cattle December Live Cattle has been in a virtual free-fall since making contract highs back on September 19th. We’ve sold off nearly $7 since scoring the new high. To say it’s been a remarkable year for live cattle futures would be an understatement - we’ve made all time highs, and bucked bearish seasona
November Feeder Cattle Finds SupportAfter being subjected to selling pressure for the majority of the week, the November feeder cattle contract found support at the 23.6% retracement level between the contract’s low, and the contract’s high. The low for the day was only a few ticks off of the actual 253.825 level, coming in at 254.050
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