“Shootin’ The Bull”

End of Day Market Recap

by Christopher Swift

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4/16/2024

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Live Cattle:

Today's livestock comment is taped:  Listen HERE.

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Feeder Cattle:

​Hogs:

​Corn:  

Grains and oilseeds were lower and are expected to continue lower.  

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Energy:

Energy has struggled all day to try to get plus, and although has a couple of times, is down a few cents at the close. I expect energy prices to continue higher. 

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Bonds:

Bonds were lower again today. The selling is more than interesting due to equities not having done much and the US dollar inordinately strong.  Nonetheless, I continue to expect bonds to move higher, even though I remain wrong at the moment. 

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This is intended to be or is in the nature of a solicitation. An investment in futures contracts is speculative, involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of the margin deposits.  You should carefully consider whether futures trading is appropriate for you in light of your investment experience, trading objectives, financial resources and other relevant circumstances. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.