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The data and opinions in this report are for general information use only and are not

intended as an offer or solicitation with respect to the purchase or sale of any futures

contracts. Although all information and opinions are believed to be reliable, we cannot

guarantee its accuracy or completeness. The open trade and previous recommendations

were suggested, but that does not necessarily mean any individual followed the trades

exactly as recommended. This newsletter has been prepared without regard to the specific

investment objectives, financial situation and needs of any particular recipient. Past performance

is not necessarily indicative of future results. There is a significant risk of loss associated with

trading futures and options. It should be noted that the impact on market prices due to seasonal

or market cycles and current news events may be reflected in current prices.

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

Below are my afternoon comments for the livestock complex. It was the 2nd and final broadcast of the day but I also posted 3 Special Email Alerts this afternoon as well.

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LIVESTOCK COMPLEX

Trade is mixed this afternoon with a soft tone. Feeders are 20 lower and hogs 15 lower to unchanged. Live cattle are 17 higher for December but 45 higher for the next two months. Yawn.

Boxed beef prices slipped $.30 this morning and pork cutout values were down $.70. But sets of data were bearish. And later today, if the kills come in large and cutout values lower yet, tomorrow should be a down day.

Come out of today short cattle and hogs. Keep stops in hogs at the high for the day. As for cattle, sell (1) December cattle on a $116.10 sell stop. The low today is $116.55 with a last of $116.97.

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As I type furiously away, soybean prices are 4 lower and wheat down 1 cent and change. Those of you that followed my advice last week here on Inside Futures to buy wheat and sell soybeans should exit that trade now. The trade has nice profits and the time has arrived to book them.


I remain firmly entrenched in the camp of the bears for the final quarter of this year. I do not see a single market I would play from the long side of the ledger. Not a one.


The time is 11:44 a.m. Chicago



The data and opinions in this report are for general information use only and are not

intended as an offer or solicitation with respect to the purchase or sale of any futures

contracts. Although all information and opinions are believed to be reliable, we cannot

guarantee its accuracy or completeness. The open trade and previous recommendations

were suggested, but that does not necessarily mean any individual followed the trades

exactly as recommended. This newsletter has been prepared without regard to the specific

investment objectives, financial situation and needs of any particular recipient. Past performance

is not necessarily indicative of future results. There is a significant risk of loss associated with

trading futures and options. It should be noted that the impact on market prices due to seasonal

or market cycles and current news events may be reflected in current prices.





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About the author


Jerry Welch has been in the futures industry since the late 1970's and is a true veteran of the markets. He has been quoted often in Wall Street Journal and is author of Commodity Insite, one of the longest commodity futures newspaper columns in history. His weekly column has been published each week since the mid 1980's and is one of the most recognized names in the world of commodities.

Mr. Welch is also known widely as a, "so so" flyfisherman.  

His column is published by the Illinois Agri News in La Salle, Illinois, Cattle Today, in Fayette, Alabama as well as Consensus, in Kansas City, Kansas.

He can be contacted at 406.682.5010 for a view of his, "twice a day" market column that includes price forecasts and trading suggestions.

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