Only Hog Futures!

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

On Thursday and Friday of last week I suggested to those that subscribe to my twice a day newsletter Commodity Insite, to my brokerage clients to those that recently purchased my new book, Haunted By Markets to sell short December cattle futures. The fill on 1 contract was $111.27 and the fill on the 2nd contract was $111.17.

This morning in the early morning broadcast of my newsletter, I suggested exiting shorts in December cattle at $108.75 or lower. The market in very early dealings fell as low as $108.30, allowing my shorts to have been filled, leaving me flat the cattle market with no existing positions.


Though no long short cattle futures, I am willing to sell the next rally as it unfolds. From current levels and based on cash cattle prices being $16 and more over June futures a stiff rally could unfold sooner than later. And if the market can rally high enough, I will once more probe the short side of the ledger.


But I remain short hog futures and sitting tight. And as I type furiously away, December lean hogs are $58.05, down 140 points. But also note that back month hog futures are within 30 or 40 points of new, contract lows. No other commodity is is close to contract lows which bodes quite ill for tomorrow. Only hogs are near contract lows!


If you are wondering how I will approach the critter complex in the period ahead I suggest you go back to my weekly newspaper column I reprinted here on Inside Futures entitled, Riding High In April. Shot Down In May. That column says it all.


Also, check out: www.commodityinsite.com if you want to know about Haunted By Markets, my new book. Check it out!


And always keep in mind there is no substitute for timely and accurate information.


The time is 12:52 p.m. Chicago

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