Meats & Softs Roll On

[Shagi]

Lean Hogs bursting and so will Coffee & Sugar in the next 3 sessions.

 

[Shagi]

Hogs closed Limit Up $0.030 and going to 100

 

[Shagi]

The trend has already been up since Nov' 10 in em hogs but today's limit up day was probably news from South Korea.

South Korea's Meat Import Association said that pork imports will be up 20% or more in 2011. South Korea has had serious problems containing foot and mouth disease among their own livestock population.

http://www.reuters.com/article/idUSTOE70P07320110126

 

[Shagi]

You will all soon be on a forced vegetarian diet except for em mullahs

 

[Shagi]

Breakfast without coffee

 

[Shagi]

And chocolates/cakes without sugar, its time for the western world to riot also, maybe from Monday heh

 

[heech]

Is this possibly why beans soared out the gate, this morning? Did someone forget to turn off their correlation trade, and just assumed higher hog prices = higher beans? And then later crashed back to yesterday's close?

 

[nazzdack]

Quote from heech:
----beans soared....
----correlation trade....
----higher hog prices = higher beans?
----later crashed back to yesterday's close?

They're just passin' gas. Go "long" the energies instead.

 

[Shagi]

Today will be an interesting day on livestock open following Friday's after hours release or maybe market has already discounted.

After the close, the USDA said that there were 92.582 million head of cattle and calves in the U.S. as of January 1st, down 1.4% from a year ago and the lowest inventory since 1958.


The 2010 calf crop was estimated at 35.7 million head, down 1 percent from 2009. This is the smallest calf crop since the 34.9 million born during 1950. Calves born during the first half of 2010 are estimated at 25.9 million, down 1 percent from 2009.

 

[Shagi]

There we go folks a layup trade - Hogs , Live & Feeder Cattle on fire. Question is which market will close locked limit up first.