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| Ok so actually took the time to review some commentary on it and look at weight breakdown.
on feed 101 (101.6)
June placements 103 (106.1)
June marketed 109 (109.7)
Initially thought to be bullish back month and slightly bullish front month. The marketings are huge for June. And we have been maintaining good kills through July so far so that makes me bullish. Placements number is an obvious possible bullish numb as it came in below range of estimates. But looking further into placements over 800#, they wee over there 5 year average and over last year by 17.4%. That seems like a big number and will temper my bullishness into say nov/dec for now.
I am long August and short oct/dec. And starting to think we put in a temporary bottom. Then again have been bullish for a several weeks and wrong so far. Wrong direction, but my spreads have worked...
Edited by GOMSK 7/24/2016 05:08
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