Cattle On Feed Preview
Presented by Heartland Investor Capital Management Inc. CTA
Cattle Market:
New contract highs driven by tight supply and strong index fund interest.
Bullish cattle on feed report with year-on-year feed and placement figures.
Feeder cattle indices nearing $286, highlighting strong market premiums.
Weather and Crop Conditions:
Western Corn Belt experiencing 53% drought coverage, impacting corn and soybeans.
Winter wheat affected by dry conditions in Kansas and eastern Colorado.
Forecasted below-normal precipitation poses challenges for spring planting.
Wheat Market Dynamics:
Kansas City wheat nearing resistance levels despite recent bullish trends.
Market sentiment cautious with potential for wave four correction.
Global weather concerns (Russia, Ukraine) influencing market volatility.
Corn Market Insights:
Strong export sales supporting prices above key moving averages.
Potential for higher acreage than USDA estimates, impacting future supply.
Weather uncertainties and La Niña effects could drive prices higher.
Soybeans Market Update:
Sideways trading pattern with potential for a corrective fourth wave.
Support around $1040, with potential bullish momentum above $1042.
Market waiting on clearer signals for direction in the coming weeks.
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.