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Meats

  #11 (permalink)
 myrrdin 
Linz Austria
 
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myrrdin View Post
Bear spreads in the hog market are doing well this year, as suggested by seasonal charts.

I hold the LHG8-LHV7 and the LHJ-LHZ for a while.

The first one should move upwards now according to seasonals, but I expect cash price coming further down, and the bear spread moving further upwards. (This spread also serves as a hedge for my LHG puts.)

The second one should move upwards according to seasonals until November.

Best regards, Myrrdin

Sold the LH bear spreads, and protect the LHG puts now via LHZ calls.

Best regards, Myrrdin

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  #12 (permalink)
 AfewUniversesBelo 
Bel Air, Maryland
 
Posts: 22 since Jul 2017

No way Feeder Cattle continues going up (160.6).

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  #13 (permalink)
 myrrdin 
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myrrdin View Post
Sold the LH bear spreads, and protect the LHG puts now via LHZ calls.

Best regards, Myrrdin

I currently do not see any interesting trades in the meats with the exception of selling options (see thread "Diversified Option Selling Portfolio").
.
Best regards, Myrrdin

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  #14 (permalink)
 myrrdin 
Linz Austria
 
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myrrdin View Post
I currently do not see any interesting trades in the meats with the exception of selling options (see thread "Diversified Option Selling Portfolio").
.
Best regards, Myrrdin

Tomorrow, Friday, the cattle on feed report will be published after the close. In the past, this report has caused limit moves once in a while.

I suggest to adjust positions accordingly.

Best regards, Myrrdin

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  #15 (permalink)
 myrrdin 
Linz Austria
 
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Tomorrow, Thursday, the hogs & pigs report will be published at 2 pm Central Time. In the past, this report has caused limit moves once in a while.

I suggest to adjust positions accordingly.

Best regards, Myrrdin

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  #16 (permalink)
 
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 SMCJB 
Houston TX
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Excellent source of "free" US Livestock Information

Daily Livestock Report
www.dailylivestockreport.com
The Daily Livestock Report provides a one-page summary of news, prices, fundamental indicators, and trading activity on CME's Livestock Complex. Daily illustrations of supply and demand factors help you learn to track the markets and anticipate price trends. (The report is an Adobe PDF file and requires Adobe Acrobat Reader® to preview. The report is best viewed using Adobe Reader 4.0 or higher).

Signup it's free and arrives in your mailbox every day.

They also mentioned the following "free" KSU monthly report

"Focus on Feedlots"
https://www.asi.k-state.edu/about/newsletters/focus-on-feedlots/
Focus on Feedlots was created in 1990 at Kansas State University to provide basic feedlot performance data for steers and heifers, and feed ingredient prices. Each month, closeout data from various Kansas feedlots are summarized to provide average values for days on feed, average daily gain, harvest weight, dry matter feed conversion, cost of gain, and death loss, as well as corn and alfalfa hay prices. The Monthly Reports are available as Adobe PDF files. An Excel spreadsheet of the data is available upon request. Links to individual tables of each year's data (Yearly Data tables), charts for the four most recent years (Yearly Charts), and charts for three-year averages since 1990 (Three-year Average Charts) are located on this web page.

I did check and can't see that these sources haven't been mentioned anywhere in this thread yet. I can't claim credit though because I'm sure somebody else at futures.io told me about it. (Maybe @myrrdin in his diversified options thread.)

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  #17 (permalink)
 myrrdin 
Linz Austria
 
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SMCJB View Post
Excellent source of "free" US Livestock Information

Daily Livestock Report
www.dailylivestockreport.com
The Daily Livestock Report provides a one-page summary of news, prices, fundamental indicators, and trading activity on CME's Livestock Complex. Daily illustrations of supply and demand factors help you learn to track the markets and anticipate price trends. (The report is an Adobe PDF file and requires Adobe Acrobat Reader® to preview. The report is best viewed using Adobe Reader 4.0 or higher).

Signup it's free and arrives in your mailbox every day.

They also mentioned the following "free" KSU monthly report

"Focus on Feedlots"
https://www.asi.k-state.edu/about/newsletters/focus-on-feedlots/
Focus on Feedlots was created in 1990 at Kansas State University to provide basic feedlot performance data for steers and heifers, and feed ingredient prices. Each month, closeout data from various Kansas feedlots are summarized to provide average values for days on feed, average daily gain, harvest weight, dry matter feed conversion, cost of gain, and death loss, as well as corn and alfalfa hay prices. The Monthly Reports are available as Adobe PDF files. An Excel spreadsheet of the data is available upon request. Links to individual tables of each year's data (Yearly Data tables), charts for the four most recent years (Yearly Charts), and charts for three-year averages since 1990 (Three-year Average Charts) are located on this web page.

I did check and can't see that these sources haven't been mentioned anywhere in this thread yet. I can't claim credit though because I'm sure somebody else at futures.io told me about it. (Maybe @myrrdin in his diversified options thread.)

According to their homepage, the Daily Livestock Report now costs $69 per year.

Best regards, Myrrdin

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  #18 (permalink)
 myrrdin 
Linz Austria
 
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I currently hold the following future position in the meats:

LHG9-LHV8.

LHG

The reason is the seasonal chart. I added the outright LHG future recently to be prepared if USA and Mexico, large importer of LH, make peace again.

Best regards, Myrrdin

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  #19 (permalink)
zxcv64
London, UK
 
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myrrdin View Post
I currently hold the following future position in the meats:

LHG9-LHV8.

LHG

Best regards, Myrrdin

Interesting trade. Last month, I opened the HEZ18-HEK19 after I saw it on seasonalgo. Opened at around -17, and
currently in profit.

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  #20 (permalink)
 myrrdin 
Linz Austria
 
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zxcv64 View Post
Interesting trade. Last month, I opened the HEZ18-HEK19 after I saw it on seasonalgo. Opened at around -17, and
currently in profit.

You bought the HEZ and sold the HEK ?

I do not like trading the May and July contracts in the hogs, as they are extremely thinly traded. Sometimes - for this reason - they show strange moves.

Best regards, Myrrdin

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Last Updated on March 15, 2022


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