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Cattle Prices Sharply Higher Again

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Live Cattle Futures--- Cattle futures in the April contract are limit up 300 points at 101.65 or 3.04% as this market is experiencing limit up or limit down days on a daily basis as the volatility is as high as I've ever witnessed in my 25-year career.

I have been recommending a bearish position from the 124.50 level and if you took that trade continue to place the stop loss at the 10-day high which now stands at 106.87 as an exit strategy as we probably will open sharply higher once again tomorrow as the cattle on feed report was construed as neutral. The U.S stock market is down another 800 points which generally has a negative influence towards cattle prices, but at the current time this market is so crazy I have no idea where prices are headed as I will keep the stop loss and not 2nd guess and see what tomorrow's trade brings.

The Federal Reserve announced earlier today that they will continue to supplement endless stimulus packages towards the U.S economy which is bullish many commodity sectors, however most of them are lower once again today, but cattle prices are in their own world at the current time and as I've said on many previous occasions if you're not involved avoid as the risk/reward is not in your favor.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit




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There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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