![]() PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.Īll information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices. The information contained on this site is the opinion of the writer or was obtained from sources cited within the commentary. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. Option traders should be aware that the exercise of a long option will result in a futures position. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. ![]() is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.įutures and options trading involves substantial risk and is not suitable for all investors. **Call me for a free consultation for a marketing plan regarding your livestock needs.** In my opinion, Cow-Calf operators should be looking to protect any downside price risk now should the market lose momentum due to a possible increase in production by the time of the 3rd and 4th Quarter. A sharp sell of in the grain markets today helped support the feeders as well with reports of good rains in South America. The feeder cattle market saw strong rallies across with board with near term contracts up over $2 today and deferred contracts up over $1 with the September contract settling at 208.30 and the October contract settling at 211.05. The Choice-Select spread is currently at $15.25. The noon beef report today showed Choice cutout value down 61 cents at $271.71, while Select grade fell 57 cents to $255.86. Cash trades, in my opinion, will give the market it’s direction this week especially if there are cash reports with solid volume behind it. Cattle markets rallied today, following through off of a positive price action Friday along with the bullish Cattle on Feed report which showed On Feed down 3%, Placed down 8% and Marketings down 6%.
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