{"id":18236,"date":"2023-01-13T13:24:38","date_gmt":"2023-01-13T21:24:38","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18236"},"modified":"2023-01-13T13:25:15","modified_gmt":"2023-01-13T21:25:15","slug":"weekly-newsletter-1129-feeder-cattle-spread-idea-mlk-schedule-trading-levels-1-16-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1129-feeder-cattle-spread-idea-mlk-schedule-trading-levels-1-16-2023\/","title":{"rendered":"Weekly Newsletter #1129: Feeder Cattle Spread Idea, MLK Schedule + Trading Levels 1.16.2023"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1129<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener noreferrer\">private Facebook group\u00a0<\/a>for additional insight into trading and the futures markets!<\/p>\n<div>\n<div>In this issue:<\/div>\n<div><\/div>\n<ul>\n<li>Important Notices &#8211; MLK Trading Schedules<\/li>\n<li>Trading Resource of the Week -Moore Research Center Inc.<\/li>\n<li>Hot Market of the Week &#8211; Feeder Cattle Spread<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h3>Important Notices &#8211; Martin Luther King Jr. Trading Schedule<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div>This Monday we will observe Dr. Martin Luther King holiday.\u00a02<a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/dr-martin-luther-king-2023-trading-schedule-for-cme-globex-and-ice-exchange\/\" target=\"_blank\" rel=\"noopener noreferrer\">023 Trading Schedule for CME \/ Globex and ICE Exchange\u00a0AVAILABLE.<\/a><\/div>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<ul>\n<li><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Learn-on-Trading-Around-Economic-Reports-Futures-Options-Commodities\" target=\"_blank\" rel=\"noopener noreferrer\">Trading Resource of the Week<\/a><\/li>\n<\/ul>\n<div><\/div>\n<div align=\"justify\">\n<div>Here\u2019s a futures spread idea from our friends at Moore Research (<a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Futures-Spreads-101-A-quick-look-into-the-use-of-futures-and-commodities-spreads\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0FREE TRIAL ESPECIALLY for Cannon&#8217;s clients and blog readers!<\/a>).<\/div>\n<div><\/div>\n<div style=\"text-align: left;\">Buy May \u201923 \/ Sell March \u201823 Feeder Cattle: Outlook<\/div>\n<div><\/div>\n<div>Because food (after 2-3 months, calves are weaned off milk and fed a diet of grain, hay and water) is a primary but fluctuating cost, livestock producers want to feed as many animals as possible when feed is most plentiful.\u00a0So, cattle feedlot operators replenish their usually low cattle herds in October &amp; November when corn becomes readily available at usually harvest-low prices.\u00a0Those young animals will gain weight only slowly during winter and typically reach market weight in April.\u00a0The result is that demand for feeders remains sluggish in March, but surges in May.<\/div>\n<div><\/div>\n<\/div>\n<div>\n<div align=\"center\"><\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/c2c2f1ea-41a9-4c37-a337-36f932759e49.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>\n<div align=\"center\">Performance Snapshot<\/div>\n<div align=\"center\">Below is a performance snapshot of the seasonal trend for each of the last 15 years.\u00a0You can find average gain\/loss, best\/worst equity (based on one futures spread contract), and more.<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/6d6c0c30-faf4-45c8-9d48-ece09f00cf43.jpg\" alt=\"\" title=\"\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/company\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">A Cannon broker<\/a>\u00a0will be able to assist, provide feedback and answer any questions about spreads, seasonal tendencies, options and MUCH MORE!<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<div>Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources\u00a0Cannon Trading believes are reliable. We do not guarantee that such information is accurate or complete, and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.<\/div>\n<div>SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYING FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.<\/div>\n<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.worldcupchampionships.com\/cannon?aff_id=205&amp;source=blog\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/368db221-6c82-4b49-9336-1ad2496cfaa4.jpg\" alt=\"\" title=\"\"><\/a><\/div>\n<div><\/div>\n<div>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<ul>\n<li>\n<h3>Trading Levels for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\"><strong>Daily Levels for January 16th, 2022<\/strong><\/div>\n<figure style=\"width: 612px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/547fcfc9-8870-4829-a4d1-c55aceee6a84.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"612\" height=\"751\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/1d413621-8546-4342-9bcb-ff572afc8ac3.jpg\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week:<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div class=\"pagearrange__layout-row full\" style=\"text-align: left;\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/4a475c53-4653-42e4-bd00-d0391d5b4965.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: left;\">This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. Any statement of facts herein 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 judgment in trading<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Newsletter Issue # 1129 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Notices &#8211; MLK Trading Schedules Trading Resource of the Week -Moore Research Center Inc. Hot Market of the Week &#8211; Feeder Cattle Spread Trading Levels for Next Week Trading Reports for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,231,76,238],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18236","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-commodity-brokers-2","category-commodity-trading-2","category-grain-futures","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=18236"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18236\/revisions"}],"predecessor-version":[{"id":18239,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18236\/revisions\/18239"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}