Futures trading is not for
everyone. The risk of loss in trading futures can be substantial;
therefore, carefully consider whether such trading is suitable for
you in light of your financial condition. Past performance is not
indicative of future results, and there is no assurance that your
trading experience will be similar to the past performance.
Mid
Day Cattle Comment
To sign up for the Mid Day Cattle
Comment, simply click the link above, fill the form out completely,
and I will add your email address. This comment is produced
while the markets are trading with the intent to help decipher
information for the purpose of making a more informed decision.
Meet Chris Swift Video
Live Cattle:
From Wednesday to Friday, the "Shootin the
Bull" commentaries will be suspended as I attend the NCBA tradeshow.
I will have full quote and order entry capabilities at the show and
can be reached by phone or email.
Volatility has picked up significantly in the fats. With
precautions having been urged at every turn, I see little to do at
this juncture. Sectors in the industry continue to be
perceived as working on negative margins.
The hourly charts on the February and April contracts shows a 5
wave decline from the highs made last week. Today's rally is
anticipated to be a correction of that decline. This leads me
to anticipate another 5 wave decline to approximately $120.50
February and $124.97 April.
Feeder Cattle:
Major news media outlets have begun writing stories that cattle
prices are going to go up. One yesterday in the USA Today, and today
from the Vancouver Sun news paper. Readers have also commented
on stories from NBC and CBS, but I cannot confirm or deny these
stories. On the mid day cattle comment, I made the
recommendation to complete any options purchases needed to secure a
minimum sale price for your product. From here, I anticipate a
great deal of volatility to emerge and potentially a significant set
back. None of which has materialized yet. In my opinion,
this is good. With so much capital at risk, and uncertainty,
due to history being made, I continue to urge protecting the bottom
side and leaving the top end open.
Corn:
The correction appears to be moving sideways, rather than
retracing much price. This leads me to anticipate a breakout
to the upside. A move to the top end of the trading range is
anticipated.
Wheat:
The chart pattern on wheat has changed. To what, I am
unsure. This is the reason for not commenting on the wheat.
For a copy of the "Security
Agreement And Assignment Of Hedging Account" just let me know and I
will email you the PDF file for you to view.
New Account Forms
Live account forms on line. They are very simple to use
and can be filled out in a matter of minutes. I look forward to
earning your business. If
you have any questions or would like further information, please
feel free to contact me at anytime.
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