Will trade fade the cattle report?

FOR WEDNESDAY: (2/1) Still waiting for bounces into Thursday to short grains and so far they are cooperating. Cattle inventory was bearish as expected but does it become another cattle on fade report? Cycles suggest a recovery into Friday for those wanting to fight the new fundamentals. Hogs should top out within a few days…


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Cattle may fill their gaps and set up March Feeder hedges

FOR TUESDAY: (1/31) The weather play for South American grains is over now. Markets have issued clearer daily chart sell signals for grains but are oversold and we need a recovery into Thursday or early Friday to have better risk/reward for selling. Cattle may fill their gaps if we’re lucky and set up March Feeder…


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Hogs should hold up until at least Wednesday

Cycles still suggest that grains should top out the first few days of the week and turn lower into Friday and probably early next week. Cattle on Feed report was negative and there probably is a little room for it to fall yet but could be a “cattle on fade” situation, as we think they…


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Cycles early next week suggest recoveries for grains

FOR FRIDAY: (1/27) A number of cycles early next week suggest recoveries for grains and livestock so we’re reluctant to press shorts. Cattle may have a big fall on Friday and then that will set up a buy for next week. Hogs look like they topped but have a recovery next week. Without a secondary…


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Hogs still have time and room to go higher

FOR THURSDAY: (1/26) Often difficult to see grains higher on a Thursday but a larger cycle into Sunday night/early Monday my allow them to stay up. Cattle are waiting for the COF report and should be sluggish. Hogs still have time and room to go higher.


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Grains may complete retracements overnight and recover

FOR WEDNESDAY: (1/25) Grains may complete retracements overnight and recover . Still, the market is a bit heavy and if there is a 5th wave up, we should use it to get short. We had grains completion cycles upward by Sunday and if we make a double-top or divergent high on corn, we would sell….


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Grains look higher on Wednesday

FOR TUESDAY: (1/24) Markets are relatively quiet. Meats are looking out to USDA report later in the week. Grains are rather sluggish with the trade wondering if Trump will hurt relationships with China and hurt grain exports. Grains look higher on Wednesday and if there’s no bloodbath on Tuesday, we may still be open to…


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Meats look lower on Monday

FOR MONDAY: (1/23) Markets look higher Monday and we’ll have to see how weather shifts over the weekend and maybe we will be able to play beans even though they are a bit vulnerable but probably not done. Still open to 372 on March corn at 450 on March wheat before hedges happen. Meats look…


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Looking to sell hogs if we get a chance

FOR FRIDAY: (1/20) We logically would expect end-of-week profit-taking after nice run-ups but market looks higher Monday and we’ll have to see how weather shifts over the weekend. Cycles for meats may turn a bit tired which usually means upward movement will be limited and usually it leads to profit-taking. Cattle may have a better…


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Grains may come off over the weekend

FOR THURSDAY: (1/19) Usually grains are lower on Thursday but there’s one cycle that might hold the market open all day. We sense that the grains may come off over the weekend. Running out of time for hogs and cattle, and they are getting heavy but still should hold up another day.


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