Showing posts with label feeder cattle. Show all posts
Showing posts with label feeder cattle. Show all posts

   GFJ-GFK spread buy position & crude oil future sell limit

     Small change of plans with a feeder cattle future spread buy limit - I moved buy limit up to -0.75 and it was filled today. Close position if day closes below -0.85 or with a $650 profit, because on average price moved up 1.3 cents. Seasonality expires on the beginning of April.

Starting this month crude oil Jun-Jul spread starts falling & this continues to the April 10th approximately. Also right now this crude oil spread is almost on all time highs during last 14 years. I placed sell limit order at 1.15. Close a position with a loss if the day closes above 1.18 or with $500 profit. Seasonality expires in the middle of April.

   Orange juice closed & new feeder cattle limit

     Orange juice long position was closed yesterday with a profit of $180. I placed a new buy order one time at a -0.50 price, because seasonality didn't finish and during all this time the price was moving side ways, so there is a chance that new order will be filled again. Keeping this order until next Friday. 

Previous long position in March-April feeder cattle was closed with a loss, but the seasonality still remains and this time I'll try long April-May feeder. Here are statistics:
 

As you can see spread goes up starting form the end February and all the way until the beginning of April. Current situation look like this:

Previous long was closed with a loss because the position was opened to early and not in the best spot. So here I'll wait until price goes down to -0.95 and I'll place my buy order there. Close a position if day closes below -1.00 and average profit is $600.

   Feeder Mar-Apr spread bought

All Cattle and Calves, were counted at 87.730 million head, 1.8% smaller than last year. This year’s production will be the smallest since 1993. With bullish fundamentals there is an interesting statistics on Feeder Cattle March-April spread.


So today a buy limit at -0.8 was filled and sell limit at -0.2 was placed. Close a position with a loss if a day closes below -0.95 or anywat at around February 17th.






Also Orange Juice buy limit was moved up to -1.00 and Gasoline up to 0.0230