Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729
Follow me on twitter@commodityinsite
** If February lean hogs fall to $70.97 today, they may end the day limit down. The low this morning is $71.47 with a last of $71.70.
** If March oats rise to $2.551/2 or higher, there could be substantially more coming to the upside. Since November 15, I have only had two grain trade recommendations. One was "break even" in soybeans, buying and selling at the same level. The other trade is long March oats from $2.43 with a sell stop of $2.45, intra-day. The last is $2.531/2 up for the day and the strong link in grain dealings.
** Aggressive traders can buy April cattle and sell front month February cattle here and now with a 50 point stop. As I type furiously away, April cattle are 177 points over the February. My work shows that April could, should and possibly gain 150 to 200 point on February in the next 6 trading sessions.
But keep in mind that my thoughts, suggestions and so forth regarding the futures markets should be taken with a huge grain of salt. I could be wrong with each idea from above. It would not be the first time I was wrong. Nor, will it be the last!
The time is 9:19 a.m.Chicago
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