Hog Comments – 10/16/09 USDA finds H1N1 in PRELIMINARY test on MN hogs.
Friday, October 16, 2009
by Jeremy Knutson of Hurley & Associates
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The USDA confirmed a positive test result on an unknown number of show pigs that were at the Minnesota State Fair between Aug 26th and Sept 1st. The actual test results are pending and should be available in a matter of days. For more information click on the USDA press release below and some other links to more articles.There is no public health threat according to the USDA as we have seen H1N1 in hogs from some Canadian farms early this year. My only concern is how the media will spin this in light of the current outbreak of H1N1. It has hit the South Dakota area pretty bad but luckily the symptoms have been mild. My family was confirmed with H1N1 on Monday of this week and I can tell you first hand it has been mild but it hasn't run its course yet either. USDA News Release WCCO - Minneapolis, MN CBS Network Affiliate Hurley & Associates believes positions are unique to each person’s risk bearing ability; marketing strategy; and crop conditions, therefore we give no blanket recommendations. The risk of loss in trading commodities can be substantial, therefore, carefully consider whether such trading is suitable for you in light of your financial condition. NFA Rules require us to advise you that past performance is not indicative of future results, and there is no guarantee that your trading experience will be similar to the past performance.
Recent articles from this author
- Hog & Corn Comments - 03/17/10 Hogs mixed but feed grains make a move - Wednesday, March 17, 2010
- Hog & Corn Comments - 03/16/10 Fund buying supports hog market today. - Tuesday, March 16, 2010
- Hog & Corn Comments - 03/15/10 Profits are back, should you take some? - Monday, March 15, 2010
- Hog & Corn Comment - 02/08/10 Hogs held support and rallied. - Monday, February 08, 2010
- Hog & Corn Comments – 02/03/10 Hogs continue to look for a bottom - Wednesday, February 03, 2010
About the author
Jeremy Knutson is a marketing consultant with Hurley & Associates, a commodity risk management firm. He has been involved with the commodities markets since 1995 and has been a licensed commodity broker since 2000. Getting his start at a local coop elevator loading trains, warehousing grains, bookkeeping and interim managing, he has seen many different aspects of the business. In 2000, Hurley & Associates presented the opportunity to become a market consultant and licensed commodity broker to assist grain/livestock producers in hedging their products. Although Hurley works with other commodity sectors, Jeremy has focused on the lean hog sector of the industry.
Jeremy uses technical analysis as one of his main tools to objectively view the market. He looks to charts to remove emotion from decision making, as well as give an opinion of most any market. Jeremy’s main focus is price risk management of lean hogs as well as the feed needs associated with the business. Most of his day is spent in front of his charts studying ways to manage risk in the most effective manner. As mentioned before technical analysis is a large portion of Jeremy’s focus and he uses it to stay objective and un-emotional about market direction. One of the most important things Jeremy has learned over his years in the commodity markets is what you think the market will do and what it actually does is two different things so position yourself accordingly. On a daily basis Jeremy strives to put out quality commentary to update readers on what his technical objectives/thoughts are in the market.
You can reach him at 1-877-212-2564 or by email at jknutson@hurleyandassociates.com. You can visit http://www.leanhog.net/ to view historical commentary at the highs and lows of the market or visit http://www.hurleyandassociates.com/ to learn more about our company. There is risk of loss in trading futures and options therefore one should consider their financial condition prior to trading. Past performance is not indicative of future results.
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