{"id":1821,"date":"2017-02-15T07:14:06","date_gmt":"2017-02-15T13:14:06","guid":{"rendered":"http:\/\/www.ctsfutures.com\/?p=1821"},"modified":"2017-02-15T07:14:33","modified_gmt":"2017-02-15T13:14:33","slug":"morning-thoughts-2017-02-15","status":"publish","type":"post","link":"https:\/\/udg.ehs.mybluehost.me\/morning-thoughts-2017-02-15\/","title":{"rendered":"Morning Thoughts – Feb 15"},"content":{"rendered":"

<\/a>Livestock<\/u> –
\nCattle futures seemingly found support around recent lows and shot higher yesterday.\u00a0 It also appears that the beef pipeline is getting a bit more cleaned up and demand could be better going forward.\u00a0 Keep in mind Monday\u2019s kill will be slightly<\/em> reduced due to the holiday, but that will support beef prices on the margin.\u00a0 We have the FCE due today and one has to wonder if the mud-related discounts seen in the north the past few weeks start to fade away.\u00a0 This could narrow the range of the auction this week.<\/p>\n

Hogs also shot higher yesterday.\u00a0 Part of this was probably an unwind of the prior day\u2019s whacky price action but additionally we had the expiration of the LHG and the market likely viewed LHJ\u2019s discount to cash as too wide.\u00a0 Still it is starting to sound like pork demand is starting to soften a bit and this will certainly be something we need to watch in the weeks ahead.\u00a0 Bellies have been a clear leader in the overall cutout surge so we should pay extra attention to their performance.<\/p>\n

\"USDA<\/p>\n

DISCLAIMER<\/u><\/strong>:<\/strong>
\nThe information contained herein has been taken from trade and statistical services and other sources we believe are reliable. Opinions expressed reflect judgments at this date and are subject to change without notice. These materials represent the opinions and viewpoints of the author\u00a0 and do not necessarily reflect the opinions or trading strategies of Nesvick Trading Group LLC and its subsidiaries. Nesvick Trading Group, LLC does not guarantee that such information is accurate or complete and it should not be relied upon as such. Officers, employees, and affiliates of Nesvick Trading Group, LLC may or may not, from time to time, have long or short positions in, and buy or sell, the securities and derivatives (for their own account or others), if any, referred to in this commentary. There is risk of loss in trading futures and options and it is not suitable for all investors. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RETURNS. Nesvick Trading Group LLC is not responsible for any redistribution of this material by third parties or any trading decision taken by persons not intended to view this material.<\/p>\n","protected":false},"excerpt":{"rendered":"

Livestock – Cattle futures seemingly found support around recent lows and shot higher yesterday.\u00a0 It also appears that the beef pipeline is getting a bit more cleaned up and demand could be better going forward.\u00a0 Keep in mind Monday\u2019s kill will be slightly reduced due to the holiday, but that will support beef prices on […]<\/p>\n","protected":false},"author":4,"featured_media":1822,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\nMorning Thoughts - Feb 15 - CTS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href="../wp-content\/uploads\/USDA-Pork-Belly.png\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"625\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"David Zelinski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CTSfutures\" \/>\n<meta name=\"twitter:site\" content=\"@CTSfutures\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Zelinski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/udg.ehs.mybluehost.me\/morning-thoughts-2017-02-15\/\",\"url\":\"https:\/\/udg.ehs.mybluehost.me\/morning-thoughts-2017-02-15\/\",\"name\":\"Morning Thoughts - 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