Live Cattle - Top ?

syswizard · Jul 26, 2014

Yeah Running....that's all fine and dandy, but the huge factor now is DEMAND.
My feeling:
1) weakening consumer = less beef consumption (inexpensive alternatives)
2) new interest in chicken with the blow-out IPO of El Pollo Loco
3) health conscious consumers: burgers = fatties

All bad news for beef demand.

TraDaToR · Jul 28, 2014

Short Dec/Feb/Apr 15 Futures butterfly @ 1700

Money Trust · Jul 28, 2014

The next day or so should tell us whether there is to be a reversal or not.

syswizard · Jul 29, 2014

Money Trust said:
The next day or so should tell us whether there is to be a reversal or not.

Huge poker game here at 159 even......Wow, the drama.....THE DRAMA !

running_bare · Jul 30, 2014

Mav, what's the next A up for this thing?

Maverick74 · Jul 30, 2014

running_bare said:
Mav, what's the next A up for this thing?

161.73 on the weekly. But we confirmed on the QTR. This baby is going higher.

Next good level will be the August monthly A up.

Money Trust · Jul 30, 2014

I've got it going higher too because the setback climaxed the second day, showing that it was too weak for the rally to be over. The volume on the setback was also half of that on the up days.

Maverick74 · Jul 30, 2014

Money Trust said:
I've got it going higher too because the setback climaxed the second day, showing that it was too weak for the rally to be over. The volume on the setback was also half of that on the up days.

NEVER short anything that is basing at the highs.

Money Trust · Jul 30, 2014

Maverick74 said:
NEVER short anything that is basing at the highs.

I don't plan on going to the poorhouse so I'm not doing that. LOL

TraDaToR · Jul 31, 2014

TraDaToR said:
Short Dec/Feb/Apr 15 Futures butterfly @ 1700

Out @ 0