I'm long from -2.9 avgWent long @ -4.3.
-Low level compared to the last 20 years but not further back.
-Z/G seems to be bottoming.

I'm long from -2.9 avgWent long @ -4.3.
-Low level compared to the last 20 years but not further back.
-Z/G seems to be bottoming.

Long feeders Sep/Oct18 @ -0.925.
- Spread historically low
-Q/U has started to rally
-Seasonal window
I been a buyer of Live Cattle under 102 since 2016, made a little on first targets but need it to go above 157 to go reverse. But on the monthly broke to down side of huge triangle and dailies have rounding tops, so I am still long the futures but twice as much on long puts, just have to wait it out.
You doing any spreads in them
I been a buyer of Live Cattle under 102 since 2016, made a little on first targets but need it to go above 157 to go reverse. But on the monthly broke to down side of huge triangle and dailies have rounding tops, so I am still long the futures but twice as much on long puts, just have to wait it out.
You doing any spreads in them?
Not cattle. I feel like Z/G and G/J are oversold but on livestock you never know...
Short ZS Nov/Jan @ -13.
- Nov/Jan overvalued compared to Sep/Nov and Jan/Mar on a deseasonalized curve.
- Bearish fundamentals. I guess I don't need to develop.
- Reliable seasonal window