meats

Trader, Thanks, Much appreciated. What fundamentals do you follow for commodities? (obviously each product has there own) What sources do you use?


Is that Feb Live/Belly spread based on seasonality?
 
feb/jun piggies is a sell i got in yesterday at the absolute low (love when that happens) and I am working orders to add more as we speak. Got in the platty gold spread overnight, made an excellent profit for like 6 hours so i just dumped it. TX take a look at ap/jun live cattle. Everybody is sending old cows to slaughter right now and really ratcheting back. I think apr/jun looks like an excellent way to play it, let me know what you think. Aug/oct cattle is looking attractive to, although i dont think it will get to 8.00 plus again.
 
Manin: not sure what the seasonal is on a live/belly trade, I just liked it based on the spread chart and the technicals behind both of the underlyings. Tryed to get it at $6.00 today and if my guy on the floor woulda been paying attention he coulda got it I think. But thats what you get when you deal with the belly pit.

Rtrader: I'm not quite ready to buy the April/June on the live cattle, would like to see it back closer to 2-2.5. Also bailed on my short lumber today at a $1 profit just due to strength coming into the equity markets. Looks like that may be a good decision going into tomorrow.

My piggies still worry me, as they are likely to get stopped out tomorrow, but oh well, can't win 'em all.
 
Quote from maninjapan:

Trader, Thanks, Much appreciated. What fundamentals do you follow for commodities? (obviously each product has there own) What sources do you use?


Is that Feb Live/Belly spread based on seasonality?
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Manin: don't look at fundamentals too much. Mostly just trade on the technicals. The only "fundamental" type stuff I use is seasonal charts, historic spread relations, and of course the carry when talking about grains. Otherwise, I just trade technicals, as I actually came from the realm of ER2 daytrading as my background. Now that that is a defunct product, I just trade the ags, with a venture into the ES and T-bond world every now and then. As far as what I use, DTN ProphetX for charts, news, weather, etc. X-trader for electronic orders, and a good man on the floor for the pit stuff.
 
Manin: don't look at fundamentals too much. Mostly just trade on the technicals. The only "fundamental" type stuff I use is seasonal charts, historic spread relations, and of course the carry when talking about grains. Otherwise, I just trade technicals, as I actually came from the realm of ER2 daytrading as my background. Now that that is a defunct product, I just trade the ags, with a venture into the ES and T-bond world every now and then. As far as what I use, DTN ProphetX for charts, news, weather, etc. X-trader for electronic orders, and a good man on the floor for the pit stuff. [/QUOTE]

What contracts do you trade in the pits over elec.? ( I presume this is purely based on volume??)
 
Quote from maninjapan:

What contracts do you trade in the pits over elec.? ( I presume this is purely based on volume??) [/B]
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Manin: I go to the pit with orders in: Bellies, Lumber, Feeder Cattle, Oats, Rice, and options in any of the ags.
 
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