November 24, 2010

Meat Market Commentary for 08-04-10

By Planet Wealth

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pstrongCattlenbsp;Market Commentary for 08-04-10/strong/p
pThe market closed slightly lower on the session after choppy and two-sided trade. October cattle saw a firm rally in the overnight session but traded moderately lower on the day into the opening of the day session. Continued weakness in the beef market and fears that the lower beef will pressure packer margins and force cash lower on the week helped to pressure. News of record high temperatures in Kansas helped to support the overnight gains and speculative buying helped support the bounce off of the lows. Cash cattle traded $93.00 last week and margins are still deep in the red so traders are not too optimistic that packers will be willing to pay up for cash this week. Boxed-beef cut-out values at mid-session came in at $150.62, down $.08 on the session and down to the lowest level since mid-March./p
pstrongstrongRecap Hog Market Report for 8/4/2010/strong /strong/p
pOctober hogs closed near unchanged in choppy and two-sided trade. Traders see heat in the forecast for next week as a reason to suspect declining supply but also weaker demand and strong demand for pork product has been seen as the primary reason for the recent two-week rally to contract highs. Thoughts that the market is overbought and that supply will be on the rise into late August and September helped to limit the advance. Cash hogs were steady today. Weekly average weights for Iowa/Minnesota for the week ending July 31st came in at 267 pounds which is down from 268.4 pounds last week and 266.8 pounds last year./p
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pAfter readingnbsp;ï#187;#191;todays reviewï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;ï#187;#191;,ï#187;#191;ï#187;#191;ï#187;#191;traders might want to take a peek at the commercial tradersnbsp;nbsp;momentum.nbsp;nbsp;The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission a href=http://cotsignals.com/ target=_blankCommitment of Tradersnbsp;/areports.nbsp; Our thought is that, in a value driven commodity futures market no one knows honest value like the people who produce it or, have tonbsp;use it.nbsp; In fact, it is preciselynbsp;their sense of value that provides the commodity markets rhythmic meanderings that swing traders like so much.nbsp; Lets face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices.nbsp; Therefore, tradernbsp;should be able to incorporate this valuable information into their a href=http://commodityandderivativeadv.com/services/systemsfuture market education./a/p
pAndynbsp;Waldocknbsp;circulates this blog.nbsp;nbsp;Andy Waldock is a financial advisor, trader, analyst, broker and asset managerfor Commodity amp; Derivative Advisors, located in Sandusky, Ohio.nbsp; For that reason, Andy Waldock may have positions for himself, his family, or his customers in any commodity future market reviewed.nbsp;The blog is meant to develop a discussionnbsp;and educatenbsp;those with an interest in the commodity future markets. The commodity markets use a high degree of leverage and commodity trading nbsp;may not be appropriate for all investors.nbsp; Investing in the commodity futures could result in substantial risk.nbsp; If you are interested in reading other published articles, commentingnbsp; on his publicationsnbsp;or subscribing to Andys blog,nbsp;please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777./p
pThe daily commentaries provide a reviewnbsp;of any reports released that day, a recap of each commoditys traded price activity, an analysis of the factors that influenced price activity, and a look ahead at the next days schedule.nbsp;nbsp;CME Group provides market commentaries for wheat, soybeans, corn,nbsp;gold and silver.nbsp;nbsp; The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the buy or sale of any futures or options contracts./p
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