OptionEye - The Cow Guy - March 5th
The story of the day yesterday was the lean hog market. Take a look at a chart. Some surprises in the PEDV scare have shot that market to the moon. It has been the talk of the floor and has affected the cattle market as well.
The stock market was also balistic yesterday taking back Monday's losses as well as posting some greater gains. Today they are up slightly again holding on to the success of yesterday.
The 10 year is up over 2.70% to 2.71% and gold is settling down and trading at $1336.15 up $1.81. Oil is down small at $103.06 down .27 cents.
The grains have been interesting as well as we have seen a little squeeze here spurred on by the crisis over in the Ukraine. Corn is basically unchanged after a decent rally yesterday, beans are also flat this morning with wheat off a penny.
We get ADP this moring which will give us a clue to the numbers on Friday addn we need to keep in mind the ECB meeting as well. Lots to take stock of but at least we are moving.