Shootin’ The Bull

Offering technical & mechanical analysis of the commodity market, for the improvement of risk management.

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“Shootin’ The Bull”

Commodity Market Comments

by Christopher B. Swift

September 22, 2017

Live Cattle:

On Feed: 104% Placed: 103% Marketed: 106%

Although the placement number is higher than preguess, I do not perceive that it will be troublesome down the road.  With consumers, and industry participants on a tear with meat, I would dare to say any weakness from this would be short lived in both time and price.

Feeder Cattle:

Minor wave 3 of intermediate wave 1 continues to unfold.  With the oscillator remaining at the upper levels recently achieved, there isn’t much to go by.  Again, I think the bears may get to relish one more time before the end of the year.  However, all that would be transpiring would be the intermediate wave 2 correction which would begin to set 2018 up for an intermediate wave 3 rally of major wave 3.  Were the cattle market to be exceptionally strong, it will be this winter and spring that I would anticipate the most price gains.

Corn:

I remain no more correct or incorrect on my analysis of corn.  My analysis suggests it should be going up, it’s going down, and I don’t think that being short would make me correct.


Crude:

Crude and gasoline took the lead today, but diesel hung in still plus on the day as I write this.

S & P 500 Stock Index:

Equities continue to tread water.

 

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FutureSource:


Being a commodity broker introduces me to all aspects of agricultural production.  Crop insurance is one of those aspects and it has been a pleasure watching my son excel in this field.  Although Swift Trading Company is not associated with C & H Insurance, I have no reservation recommending Will’s expertise and the services he provides.
C & H Insurance Commitment
With the recent changes made in crop insurance programs, C&H Insurance is even more determined to provide outstanding service to its clients.  Keeping abreast of the ever changing and challenging agricultural environment, we attempt to expose risk and capitalize on opportunities.  The personal services provided by Will Swift at C & H Insurance are listed below:
  1. Help determine the level of coverage and type of insurance plan by:
  • Analyzing your current financial situation and taking current breakeven goals into consideration
  • Analyzing your current marketing plan. This includes, your current positions, future sale goals, and how potential market changes will affect your marketing plan.  Then we make the extra effort to make sure the insurance plan you choose now will still be the right choice at harvest.
  • Analyzing land locations to determine what the best unit structure would be for that current year and where your greatest risk lies.
  1. Mapping of your planted acres and record keeping in book form.
Products offered to C&H clients include:
  1. Catastrophic insurance
  2. Yield Protection
  3. Revenue Protection
  4. Revenue Protection Harvest Price Exclusion
  5. Group Risk Protection Plan
  6. Hail & Fire Insurance
  7. Livestock Risk Protection
  8. Livestock Gross Margin
  9. Pasture Range and Forage
To discuss your crop insurance options for the upcoming season, please contact Will Swift at 573-472-9948 or email William@cropNhail.com .
I look forward to earning your business.
Will Swift

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.

Commodities Brokerage, Commodity Market Analysis, Hedging, Price Risk Management

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