Trad: You still in that cattle spread? I see it's breaking out today.
Lowered US and World carryout on corn couldn't push the market higher. Lowered those carryouts by around 2.5% or so, and we couldn't even sustain...
Any thoughts before the WASDE report this morning?
Ok, so it was the cutout price. It was hard to discern that from the language used in the news bit.
Yeah, that is definitely a typo.
TraD: Maybe I am not understanding what you are asking. For example, last week cattle traded in Kansas for $161.50. You might see a $1 to $2...
Yeah, I saw that LEJ-LEM spread come back this morning. That range is pretty strong. It may take the futures chasing the cash to pop out of that...
How's it going today for everyone? USDA March WASDE report out tomorrow. Repositioning today before the report?
Oh man, I feel your pain on that cattle spread. That was a violent pullback.
I don't really trade flys that much, but I see you guys talking about them. May have to start following them more. That cattle spread is getting...
That spread was range bound from 6.60 to 8.00 for the past month or so. I think it could be headed to 9.00 or so. Might get a pullback to around...
The LEJ - LEM spread is breaking out above the resistance around $8 now. Should be interesting to see what happens with it today.
FCX: You are correct, I was incorrectly using the Platts heating oil contract in the margin system.
That HO spread is coming off, just broke through the support around .025. Not the best feeling when you watch a trade go your way that you didn't...
LEJ - LEM pulled back a bit to around $7.42 today. Not sure where it really goes from here. I know this is an ag trade idea forum, but I really...
FCX, you got it right. The cash trade between the packers and the feedlots was around $159 to $160, a premium of around $8 to the LEJ contract....
You know, that spread is a weird one. It did make a move up, but is somewhat stalled out around $8. My very incomplete quantitative analysis of...
Soybeans taking some off today after a strong rally last week based on the Brazil strike. Still tough to say whether that is having any...
The boss where I work thinks long April Live Cattle, short June Live Cattle is the way to go right now. Feb Live cattle comes off the board...
Brazilian trucker strike blew the top out of this bean market. Once again, the cash basis does not seem to be following. The fundamentals still...
Separate names with a comma.