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Cattle Filling Gap

6/6/2017

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Feeder Cattle are filling a gap today which was left in April last year.  The sell off last month cooled sentiment and reset the overbought conditions which has allowed the market to roll higher. 
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While the optix is approaching excessive optimistic levels, I do believe there could be room to make one more push higher to the next target near $170 before exhaustion occurs. 
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Its pick your poison time.  An option strategy here would set a nice floor yet still allow you an opportunity to sell at a price level $10.00 higher than where we are today.  These levels can disappear very quickly.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

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The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

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Steve Wade
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  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • Crop Overview >
      • Corn
      • Soybeans
      • Wheat
      • Supply/Demand Factors
    • About
  • Disclaimer