Get started
Pork Cutout FuturesPork Cutout FuturesPork Cutout Futures

Pork Cutout Futures

No trades
OverviewNewsIdeasMindsTechnicalsForward curveSeasonalsContractsOptions

Market insights

February Lean HogsFeb lean hogs produced a bullish flag and the hog index has risen steadily over the last two weeks. Projecting prices to move to 72.600 creating a bearish butterfly. Market has gone out of the pivot point projections for Fibonacci. As long as the index continues going up, this price projection will rise. Dec Hog index now at 68.28. Pork production is high, but so is exports. USDA project lower prices because of production in 4th quarter and into 2018. RSI is still holding line from previous quarters. December futures
CME:HEG2018Short
by hopscotch
4
February Hogs Bat / ButterflyFeb Hogs looks like it is creating a bearish Bat. RSI is nearing top level of previous climb. Thursday's downside held at 20 day MA and now we are above that. Next upside target for Hogs is 67.15 at R1, then 68 at Bat with a possible run at triple top at 68.875. Pivots should remain similar for this next round. Volume bars are low so this could be a nice run. Hog index for December is falling so all these combined could be a great setup for a bearish fall at top. There is a significant overhead at R1 looking back a few months that will challenge hogs. Two new slaughter houses haven't got up to peak production yet, but even so, where are the buyers for pig?
CME:HEG2018
by hopscotch
Lean Hogs - how much bearishness left in the tank?I called the 'seasonality' correction last week as I was presenting for the Society of Technical Analysts at their annual Summer party & awards evening! A day or so after my presentation and a massive one day 25% correction! The Lean Hogs seasonality play is one of my annual favourites! The question is this year - has it got any southerly legs left after that sizable move last week? Sitting and consolidating on Fibonacci resistance at late 66's looking for a further break from here to possibly target 60 then lows around 40's. If it happens it normally moves fast, which can be one of the frustrating things with this trade but looks to have some gas left in the tank. Upside support at late 72's then mid 81's if it hasn't!
LShort
by StephenHoad
August Lean Hog August Lean Hog has created a bearish flag today. Looking for fall through pivot at 81.7 and then to 79.825 which is a major support area for hogs tracing back to Feb 21, 2017. S1 may become a support area to another run up. If Pivot holds uptrend may form for possible double top. Hog index is still rising. This is still a bullish market. Initial Bullish butterfly is a possible pattern. October Hogs is also looking bearish for the moment. Looking to see if pivot holds or further downward movement.
CME:HEQ2017Long
by hopscotch
Lean Hog Futures - Inverse Head and ShouldersThe foundation is in place for a potential inverse head and shoulder pattern. Ideally price penetrates the neckline/.5 yearly fib to take out that June 2016 high (89.90) before selling off to close below this area with some sort of deceleration/reversal candle. This would form a higher high that could then send us down to form a right shoulder near that major trend line around 60.00... Opportunities I see: 1. I'm looking to short a nice high at the neckline area and then ride that into the formation of the right shoulder near 60.00 2. I'll then go long on a nice low that established the right shoulder and ride that to the upside (ideal target is yearly .786 fib @ 113.73)
CME:HE1!Long
by patrick186