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Other than spreading by locals I am not really sure. There may have been some option action that helped the move. I know some feedlots that are moving hedges from August into the fall months and quite a few light cattle are being consigned and placed on feed to be fat against the fall contracts.

There are brokers out there who call direct to their broker on the floor who can get good markets. Try someone with RJO'brien, RCG, FCStone or Refco/Man. A broker we use bypasses his order desk and calls his man on the floor to get the market. It isn't that efficient or fast but it helps deal...

I generally don't trade the crush outright but use it as an analysis tool, I chart it apply bollinger bands, seasonal analysis etc. I do watch closely and will trade readily the 2:3 Feeder/Live Cattle spread. Also the crush is more correctly represent by 3:2:6 FC,C, LC to replicate one pen of...

I wouldn't doubt that. A lot of brokers with pit access via screens are sending in a lot of orders that are really helping out the mm locals. There are brokers who have their own brokers in the pits and have direct phone access-these are the ones to use.

In an earlier post I was referring to the feeder cattle/live cattle spread. Basically I am analyzing it from the cash market fundamentals, those being heavy losses for the past couple of months on the cattle feeding side, prospects for higher feed input prices and fundamentally overpriced feeder...

You can get the cash index from the USDA market prices page and it is also quoted on DJ news wire. Feeder cattle is not a liquid market so using a good broker is probably a good idea. Stay away from the cheap discount high volume brokers and find someone who specializes in meats and ag products.

I am just looking at the market from the cash side of things from within the cattle feeding industry. I agree that there is a valid breakout that has been in effect for a week or so but I can't avoid the fact that feeder cattle derive their value from live cattle and I can't forsee any...

Basically, but depending on the structure. You may have high water marks, hurdles, etc. and fees are generally not billed at the end of the year like in your example. Use a quarterly performance: $100 million fund 2/20 assuming we are above any high water marks. 5% return for quarter...

fees are always billed in arrears. If your terms are 2 and 20 paid quarterly then you will receive 2% annualized of the total assets as measured on the final day of the quarter and 20% of net new profits or however you are arranging that. Remember that perfomrnace fees are after the...

just create an excel spreadsheet with if then functions to calculate the fees based upon your critera. It is pretty easy to calculate performance based fees using excel.

Take a look at the COT, commercials position. I spent a little time in Memphis and the commercials are few in number but very influential in the cash market and use the futures widely.

look for divergence between commercials and small specs. Take a look at cotton for example on the CFTC site. Watch how the commercials respond to price and then how the priced moves next. Often times in cash market commodities like ags, softs, meats, and energy the commercials are highly...

The only problem I have with the feeder market is that feedlots are dealing with up to $200 per head losses on fat cattle, corn is relatively tight and could easily rally and there aren't many futures fungible feeder cattle in the county right now to lend cash market support. The...

Like on "Lost" we have to input the code into the computer or else something will happen, but we don't know what that something is.

Is there a way to get a fully working version of WL without going to Fidelity and opening an account?

I do respect Jim Rogers but when it comes to commodities I find little evidence that a rising tide lifts all boats. Commodities respond on their own supply and demand profiles. So while metals and oils may be in high demand other commodities are down and out, cotton and cocoa come to mind. I...

Well, I agree on KC wheat but I honestly can't find any bullish factors in other ag commodities that would force a trade. I was just recently noting how many traders (not you in particular) are following the Jim Rogers rule of all commodities must go up. Does anybody look at planting...

Why do you guys think ag commodities are due for a run?

Would you need an IB registration even though one is a CTA in order to charge commission on top of FCM? I thought CTA's could do this.

I know this thread is over a year old but I have few issues to bring up. I know that the CTA sends an invoice to the FCM to deduct the fees for incentive and management, what about commission sharing? My consultative services are basically hedging programs for livestock so performance...