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:
I recommend maintaining a short position
in the April cattle with a buy stop to exit only at $91.50.
The firm undertone in the market remains obvious. A trade
lower by weeks end may still materialize. If it does, I will be
looking to exit out of short positions if they are not stopped out
before hand. The June, August, and October contracts look
bullish. It would not surprise me to see a lower trade over
the next few weeks. If that were to materialize, then I would
be looking to be a buyer in those contract months.
A new addition to the "Shootin' the
Bull" website. On the main page, take a moment to view the
heading on the right hand side titled "Assignment of Futures
Contracts". You will find a short presentation explaining this
risk management tool for both producers/users and lenders.
Feeder Cattle:
If
recommendations were followed, then short positions in the March
contract could have been stopped out. I'm hesitant about
wanting to be long and being short wasn't working very well, so
maybe being flat is the best way to be for the time being. I
would like to be a buyer of August on a retracement back to $100.00.
Corn:
Flat with no recommendations.
Wheat:
I recommend maintaining the long $6.00 - $7.00 July wheat bull
call spread.
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.
