Lean Hogs
Theoretical Positions: Producers can continue to sell cash hogs when ready to take advantage of the continued high Cash Index and futures prices. Short hedges of deferred contracts may have [...]
Theoretical Positions: Producers can continue to sell cash hogs when ready to take advantage of the continued high Cash Index and futures prices. Short hedges of deferred contracts may have [...]
Theoretical Positions: 2025 Harvest: Newly harvested bushels could be sold across the scales given the Cash Index seasonal downtrend (see below) Producers might’ve locked in a small part of expected [...]
Theoretical Positions: The July issue could’ve been sold near the weekly close of $6.17 (February 21) based on a bearish spike reversal on the contract’s weekly chart. Newly harvested cash [...]
Theoretical Positions: The Sept25 issue closed Friday at $5.7225, down 12.5 cents for the week. The December issue closed at $5.9675, down 9.25 cents. Sell stops were likely triggered recently [...]
Theoretical Positions: It’s possible some sales of Nov25 were made as the contract took out its previous 4-week low of $10.3725 (possible sale of $10.37). Additional sales could be made [...]
Theoretical Positions: Summer coverage (June-July-August) can continue to be bought as needed. Seasonal Analysis: Bearish The nearby futures contract tends to trend down from the second weekly close of January [...]
Theoretical Positions: Initial sales of new-crop might’ve been made near the weekly close of $641.50 based on the completion of a bearish 2-week reversal. Additional sales could be made near [...]
Theoretical Positions: Producers: Dec tends rally from the third weekly close of July through the last weekly close of August (see below) Some expected 2025 production could’ve been locked in [...]
Theoretical Positions: Investors Previous Positions Short Dec25 at roughly $4.60 Dec25 closed last Friday at $4.1075 Short options added roughly 40 cents Long Dec26 near $4.62 Dec26 closed last Friday [...]
Theoretical Positions: End-users: Summer cash needs are being covered as needed. Producers: Cash sales of 2024 supplies should be finished. Seasonal Analysis: Bearish Seasonally, the Index tends to trend down [...]
Theoretical Positions: Traders are likely still long cash, futures, and Exchange Traded Funds (ETFs) for reasons other than technical or fundamental. Seasonal Analysis: Bullish Seasonally, the Index tends to trend [...]
Theoretical Positions: Traders are likely on the sidelines. Seasonal Analysis: Bearish Seasonally, the market tends to post a high weekly close the fourth week of June From there, the spot-month [...]
Theoretical Positions: Traders are likely on the sidelines for now. Cash needs can still be bought on an as needed basis. Seasonal Analysis: Neutral The spot-month contract tends to trend [...]
Theoretical Positions: Cash cattle can continue to be sold when ready. Seasonal Analysis: Bullish Seasonally the August live cattle contract tends to trend up through the summer season. The previous [...]
Theoretical Positions: Cash sales could be made more aggressively given increased pressure from commercial traders. Seasonal Analysis: Bullish The August issue tends to rally from the first weekly close of [...]
Theoretical Positions: Producers can continue to sell cash hogs when ready to take advantage of the continued high Cash Index and futures prices. Short hedges of deferred contracts may have [...]
Theoretical Positions: 2025 Harvest: Newly harvested bushels could be sold across the scales given the Cash Indexes seasonal downtrend (see below) Producers might’ve locked in a small part of expected [...]
Theoretical Positions: The July issue could’ve been sold near the weekly close of $6.17 (February 21) based on a bearish spike reversal on the contract’s weekly chart. Newly harvested cash [...]
Theoretical Positions: The Sept25 issue closed Friday at $5.8475, down 10.75 cents for the week. The December issue closed at $6.06, down 10.5 cents. Sell stops were likely triggered recently [...]
Theoretical Positions: It’s possible some sales of Nov25 were made as the contract took out its previous 4-week low of $10.3725 (possible sale of $10.37). Additional sales could be made [...]
Theoretical Positions: Summer coverage (June-July-August) can continue to be bought as needed. While commercial pressure continues to build, a rally could come from noncommercial short-covering. Seasonal Analysis: Bearish The nearby [...]
Theoretical Positions: Initial sales of new-crop might’ve been made near the weekly close of $641.50 based on the completion of a bearish 2-week reversal. Additional sales could be made near [...]
Theoretical Positions: Producers: Dec tends rally from the third weekly close of July through the last weekly close of August (see below) Some expected 2025 production could’ve been locked in [...]
Theoretical Positions: Investors (See Chart of the Day from Wednesday, July 16) Previous Positions Short Dec25 at roughly $4.60 Dec25 closed last Friday at $4.19 Short options added roughly 40 [...]
Theoretical Positions: End-users: Summer cash needs are being covered as needed. But we need to keep a close eye on the market as it is in the timeframe when it [...]