Live Cattle All Time Highs

By Mark O’Brien, Senior Broker

General:

We’re in the midst of a relatively quiet calendar week for economic reports with the highlight coming Friday with the latest USDA crop production and world supply & demand report (11:00 A.M. Central Time release).

Livestock:

Cattle futures prices closed lower – down $2.12 to $173.37 per hundredweight (cwt), basis August – for the first time in ten straight trading sessions going back to May 24th, but not before trading up ±$2.50/cwt to new all-time highs above $178.00/cwt. This caps off a month-long price increase of almost $19.00/cwt – a $7,600 per contract move – starting the first week of May. This year’s U.S. domestic cattle herd is at its lowest headcount in eight years and poor pasture conditions in major feeding ground states (Texas, Oklahoma, Kansas and Nebraska) due to drought conditions there threaten to keep prices elevated for the near term. On the demand side, albeit ±8% off its 30-year high point between Jan. and April of last year, wholesale beef demand remains strong. As can be the price catalyst for so many agricultural commodities, mother nature will play a key roll in influencing cattle prices as we enter summer. Much needed rain over important cattle pasturage acres can improve feed crop conditions as well as yield, thus bring down prices of a component of overall cattle prices. Prolonged drought conditions point to new record high beef prices this summer.

Monthly Chart of Live Cattle Below

Plan your trade and trade your plan. 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

6-07-2023

Economic Reports, Source: 

Forexfactory.com

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Plan Your Trade, Trade Your Plan

By Mark O’Brien, Senior Broker

Not to sound fat-headed, but trading futures is challenging. What’s even more challenging: trading without a plan. You can paper trade for days, weeks, months; you can study the latest, or greatest trading platform, charting, indicators, signals etc. You can take in volumes of educational material: courses, webinars, academic resources, news. All of these are most worthy of preparing you for the rewards and risks that come with trading futures, but when you’re a mouse click or a phone call away from placing an order to enter a trade, without a plan, you’ve essentially put the outcome of that trade in jeopardy – and every other trade after that.

No trader looking to succeed over the long term enters the market without following a trading plan. At the most basic level, it can – and should – be as simple as designating when to exit the trade if the market moves against the trade, as well as when to exit the trade if the market moves favorably. If you’re given to making adjustments to those outcomes mid-trade, make it part of your plan before entering the market.

Certainly there are other components to trading futures. For example, plenty has been heralded that traders should firm up their general mental preparedness before embarking in trading futures. Traders should also have a general familiarity with the markets they’re trading, such as contract specifications, trading hours, margin requirements, any daily price limits, etc. Theses are also necessary for successful trading. But, these ingredients by themselves, even if fully accumulated, will yield disappointing results if the key ingredient is not added: trade with a plan.

Plan your trade and trade your plan. 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

6-02-2023

Economic Reports, Source: 

Forexfactory.com

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Footprints, MBO ( Market by Order) and heat map are just a few of the topics we will cover in tomorrow’s webinar!

In this first of a two-part webinar, we’ll tour the platform and take a look at how to utilize Footprint charts, Heatmap and other innovative features while trading a variety of futures markets with a focus on some of the smaller Micro futures contracts.

Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolBook’s core features

• Meet Order Flow’s cousins: Footprint charts and Heat Map

• Find out how to choose the proper data source for full market depth and Market by Order (MBO)

• Understand Liquidity Provision / determine attraction or rejection points

• Identify Bubbles and how aggressive orders interact with liquidity

• Look at VolBook’s advanced features, including Stop & Iceberg indicators and Stop run, Absorption.

Attendees will receive a FULLY functionable demo with live data!

SPACE is LIMITED, so reserve your space now!

https://attendee.gotowebinar.com/register/2325175054041644124

Plan your trade and trade your plan. 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

5-31-2023

Economic Reports, Source: 

Forexfactory.com

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

How to use margin calculator. SPAN Margins. Spread margins. Quick video below.

Plan your trade and trade your plan. 

VolSys Order Flow, Foot Prints & More!

Join us for a webinar on May 31, 2023 at 12:01 PM PDT.

REGISTER NOW

In this session, we’ll take a look at how to utilize Real-Time Order Flow Analysis while trading variety of futures with a focus on the liquid, smaller MICRO products.

Antonio Sartorello of Volumetrica will share with attendees the following with LIVE market data:

• Order Flow and it’s pullback bar

• How to use Advances T&S

• How to use Advanced DOM

• Delta Filet Bars to identify Strength/weakness

• Where are the big traders/ orders?

Attendees will receive a FULLY functionable demo with live data!!

SPACE is LIMITED, so reserve your space now!

https://attendee.gotowebinar.com/register/3653796317657144918

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

5-24-2023

Economic Reports, Source: 

Forexfactory.com

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.