
Frank Petricca
Frank Petricca is writer of “Petricca’s Pick” focusing on a Long Term approach for commodity traders that have an interest in Long term accumulation. Frank has worldwide recognition spurring innovation that points to communicating a different way to approach ones investment portfolio using commodity instruments. Contact Frank at 312-690-7763.
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Petricca’s Pick 01/25/2024
APRIL HOG UPDATE
My January 18th, 2024, post was more than specific recommending April Hog accumulation in coordination with my Long-Term strategies. Please call me if you would a re-send. 312-690-7763.
Yesterday, Hog futures exploded to the upside as the cash market raged higher.
As a matter of fact –
The National Daily Direct Afternoon Hog report showed a gain of a whopping $5.76. Clients and subscribers should note that it’s been a long time since we have realized a daily cash increase of this magnitude.
HOG NUMBERS HAVE TIGHTENED!
Subsequently, packers need to make up for lost slaughter time and are seeing demand pick up dramatically.
Pork in cold storage at the end of last year was down 6% from a year ago with bellies down 11%. Yesterday cut-out values were up 0.83 cents.
Those of you that did in fact call to buy hog futures should continue to hold positions. My objective is the UPPER 25% of the Long-Term trading range ($88.50/$92.00).
Remember there are four important components regarding my strategies…
There is no question that more that 90% of commodity investors lose money…
And it’s true that my strategies also incur drawdowns…
But – What I offer is a way to be “in the market” when major commodity moves occur.
My strategies require one to maintain –
Those of you that have an interest in additional details regarding my strategies should call me personally. 312-690-7763.
Would love to hear from you.
In the meantime,
Have a great year trading!
Best
Frank