Discussion in 'Commodity Futures' started by filter, Mar 19, 2010.
while LE/GF are sky high?
people don't like pork?
h1n1 lingering; pork price down in china.
Cattle herd liquidation causing tighness, plus large mechanical funds love to buy the X-day breakouts in the cattle market. The longer the consolidation before breakout, the more mech fund money flows into LE. Long LE, short HE looks like its got some legs.
Shorts annihilated today - LImit UP in em lean hogs
and tomorrow will be another limit up day on the open and big rallies in GF/LE from HE shorts scrambling to hegde
It might be a good day to sell a few cattle to the stuck shorts in the hogs because buying cattle when hogs are going up can backfire on the short hog traders.
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