Today I see a spread trade setting up. Vegetarians need not apply. For meat eaters chomping at the bit, I’m looking to go long live cattle; short lean hogs. But first, let’s take a look at the two commodity markets separately. I think June live cattle have found support at $120.00. After trading lower by […]
The Hog market has been steadily rallying for the last few months. We have recently tested and supported out above the rising trend line support line on the chart below. This rising trend is expected to continue and a move into the 70’s is the target for the next leg up. (more…)
December lean hog futures at the Chicago Mercantile Exchange last Friday saw a sharp gap-lower price move on the daily bar chart that produced a bearish weekly low close. Then on Monday, the bears did a curtain call and produced another sharp, gap-lower trade and close near the session low and at a fresh three-week […]
