As much as I want to believe that this is the beginning of the downtrend I’ve been touting for a month,
I’m not sold as of yet. The Cattle markets have really failed to break any key support levels and demand from the packers is very healthy. I’m going to stay on the sidelines for now until I see some confirmation of this past weeks retreat. The Hogs and Bellies finished the week on an up note but short on buyers throughout trading last week. I expect to see some follow through over the next week which will be helpful for our Lean Hog put spread. Matt Odom 11-18-05
Matt Odom
Odom & Frey Futures & Options
904-247-0232
U.S.
www.odomandfrey.com
info@odomandfrey.com