Thursday, June 27, 2013

Updates

Natural Gas

It appears that the weather outlooked has changed slightly and as a result there is nothing fundamentally supporting NG at the moment. The forecast was supposed to be warmer but that looks to have changed.

The NG spread has been drifting our way and as a result I'm tightening the stop to 23.6.


Live Cattle / Hogs

This one has also been moving our way.

There's talk of a seasonal top in hogs, but we have to be careful as they have been really strong.

Stop tightened to 35.0.




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