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Meats

  #1 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
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Today, Thursday, the quarterly Pigs and Hogs report will be released.

For many years, this report was known for causing large moves of the hog prices. Recently these reports conformed well with the estimates of the traders, and, thus, price moves were moderate. But you never know ...

Bst regards, Myrrdin

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  #3 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
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myrrdin View Post
Today, Thursday, the quarterly Pigs and Hogs report will be released.

For many years, this report was known for causing large moves of the hog prices. Recently these reports conformed well with the estimates of the traders, and, thus, price moves were moderate. But you never know ...

Bst regards, Myrrdin

The report was neutral compared to trade expectations. Good news for traders holding short options. Option prices should move downwards due to reduced volatility.

Best regards, Myrrdin

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  #4 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
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According to seasonal charts , bear spreads for hogs should work well for the next couple of months.

I hold the LHG8-LHV7 for a while, and recently added the LHG8-LHZ7.

Best regards, Myrrdin

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  #5 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
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In case you hold positions in the cattle market please be aware that on Friday, 21st of July, after the close the monthly Cattle on Feed Report and the semi-annual Cattle Report willl be published.

Best regards, Myrrdin

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  #6 (permalink)
 myrrdin 
Linz Austria
 
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myrrdin View Post
In case you hold positions in the cattle market please be aware that on Friday, 21st of July, after the close the monthly Cattle on Feed Report and the semi-annual Cattle Report willl be published.

Best regards, Myrrdin

The CoF report was clearly negative regarding marketiings as well as placements. Fundamental data still suggests that we will see cash price at approx. $120 at expiry of August and October futures. It will be interesting to see if there is damage made to the charts, that will bring prices down below 111 in the short run.

Best regards, Myrrdin

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  #7 (permalink)
 myrrdin 
Linz Austria
 
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myrrdin View Post
According to seasonal charts , bear spreads for hogs should work well for the next couple of months.

I hold the LHG8-LHV7 for a while, and recently added the LHG8-LHZ7.

Best regards, Myrrdin

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

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  #8 (permalink)
 
Kruger's Avatar
 Kruger 
Cape Town South Africa
 
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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

What do make of LHV7-LHZ7?

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  #9 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
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Trading: Commodities
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Kruger View Post
What do make of LHV7-LHZ7?

I do not understand your question. Sorry - I am not a native speaker.

I am short-term bearish cash. That is why I do not enter spreads with a long position in the front contract (LHV).

Best regards, Myrrdin

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  #10 (permalink)
 
Kruger's Avatar
 Kruger 
Cape Town South Africa
 
Experience: Intermediate
Platform: Rithmic
Broker: Optimus
Trading: Commodities:Grains, Meats, Energy
Posts: 52 since Jun 2015
Thanks Given: 307
Thanks Received: 27



myrrdin View Post
I do not understand your question. Sorry - I am not a native speaker.

I am short-term bearish cash. That is why I do not enter spreads with a long position in the front contract (LHV).

Best regards, Myrrdin

Apologies Myrrdin,
You have answered my question though

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