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Meats

  #101 (permalink)
Hiraphor
London, UK
 
Posts: 35 since Apr 2021
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myrrdin View Post
Re-entered the LHJ22-LHZ21, as intended.

I intend to add some LHM-LHG around 11.

Additionally, I hold two outright long positions: LHG and LCZ.

Best regard, Myrrdin

Why outright longs, if I might ask? I like the seasonal downtrend on LHM-LHG, nice find there.

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  #102 (permalink)
 myrrdin 
Linz Austria
 
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Hiraphor View Post
Why outright longs, if I might ask? I like the seasonal downtrend on LHM-LHG, nice find there.

The outright longs are based on the futures being undervalued compared to cash, in my opinion. These are small and shorter term trades.

Both positions are covered via short call options, as I do not expect large price movements.

Best regards, Myrrdin

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  #103 (permalink)
steptank
Columbus, Ohio
 
Posts: 8 since Jun 2021
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Hiraphor View Post
Been a while fellas! Anything new for you?

Been watching equities as of late, been slacking on the hogs

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  #104 (permalink)
 myrrdin 
Linz Austria
 
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Today after the close the quarterly Hogs and Pigs Report as well as the monthly Cattle on Feed-Report will be published. Both reports have the potential to strongly influence the market.

Thus, I suggest checking the size of your positions in the meat markets.

Best regards, Myrrdin

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  #105 (permalink)
 myrrdin 
Linz Austria
 
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myrrdin View Post
Today after the close the quarterly Hogs and Pigs Report as well as the monthly Cattle on Feed-Report will be published. Both reports have the potential to strongly influence the market.

Thus, I suggest checking the size of your positions in the meat markets.

Best regards, Myrrdin

Liquidated all open positions in the meats before the report, with all of them showing nice profits.

Best regards, Myrrdin

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  #106 (permalink)
 myrrdin 
Linz Austria
 
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Hogs and Pigs Report came in strongly bullish.

The Cattle on Feed-Report is considered to be bearish, especially for the 2022 contracts.

Best regards, Myrrdin

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  #107 (permalink)
 
Kruger's Avatar
 Kruger 
Cape Town South Africa
 
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myrrdin View Post
Hogs and Pigs Report came in strongly bullish.

The Cattle on Feed-Report is considered to be bearish, especially for the 2022 contracts.

Best regards, Myrrdin

What is your view on the HEG-HEJ spread? (Sell HEG-Buy HEJ)?

Regards.

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  #108 (permalink)
 myrrdin 
Linz Austria
 
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Kruger View Post
What is your view on the HEG-HEJ spread? (Sell HEG-Buy HEJ)?

Regards.

I like the bear spreads in the hogs, and entered a first position in the HEM-HEG yesterday before the close.

Best regards, Myrrdin

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  #109 (permalink)
Hiraphor
London, UK
 
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Seems a bit off to me that May-June spread is 9.3, and June-July spread is -0.8.. Why is June at a premium to both May and July? Anyone got an idea?

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  #110 (permalink)
 myrrdin 
Linz Austria
 
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Hiraphor View Post
Seems a bit off to me that May-June spread is 9.3, and June-July spread is -0.8.. Why is June at a premium to both May and July? Anyone got an idea?

May and July contracts usually have very low volume; most people only trade the June contact. Thus, May and July contracts often are mispriced.

Best regards, Myrrdin

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Last Updated on March 15, 2022


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