COUNTRY FUTURES- September 29, 2011
Livestock Country Comments by Jerry Stowell
At 10:33am. Oct LC are 5 lower, Dec LC 25 higher, October Feeders steady, while
Dec Corn is trading up 2. 132.08 was the latest CME Feeder Index. Expect to see
132.52 up 44 tonight.
Bids are 116 with mostly 119-120 ask for Fed Cattle. Expect to see 188 & 118-
119 this week.
Futures are fairly quiet but firm so far today. Our trading bias is to buy
breaks in Dec LC. For spec accounts, we sold Dec LC 126 call today’s and
collected 132 cwt. premium. We will trade the long side of futures against from
time to time. Overall we do not expect to see Dec LC to be above 126 when
options expire in early Dec but if they are that’s fine especially if you own
cattle for that period.
THE INFORMATION AND OPINIONS CONTAINED HEREIN COMES FROM SOURCES BELIEVED TO
BE RELIABLE, BUT ARE NOT BE GUARANTEED AS TO ACCURACY OR COMPLETENESS. THE
RISK OF LOSS IN TRADING FUTURES AND/OR OPTIONS IS SUBSTANTIAL. EACH INVESTOR
MUST CONSIDER WHETHER THIS IS A SUITABLE INVESTMENT. WHEN TRADING FUTURES
AND/OR OPTIONS, IT IS POSSIBLE TO LOSE MORE THAN THE FULL VALUE OF YOUR
ACCOUNT. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.