Coffee and Dairy Futures: Commodities in a new lightCoffee, Sugar, Cocoa, and all 5 milk futures are listed in this layout. People buy a lot of coffee and milk which is why this chart is of importance. The Sugar, Coffee, and Cocoa are obviously used to make the caffeinated drink.Longby MichaelBsulUpdated 3
Coffee and Dairy Futures: Commodities in a new lightCoffee, Sugar, Cocoa, and all 5 milk futures are listed in this layout. People buy a lot of coffee and milk which is why this chart is of importance. The Sugar, Coffee, and Cocoa are obviously used to make the caffeinated drink.Longby MichaelBsulUpdated 3
Short positions - Milk Class IIIOur Manual Systematic Program is opening short positions in Milk Class III with managed futures. 1st sell stop: 17.5 1st guaranteed trailing stop: 17.8 (0.3% of portfolio) Take profit: Guaranteed trailing stop Shortby blockmasPublished 0
Sellers Just 'Cut The Cheese' In Half $CSC_FI think the collapse in Cheese futures is being under-covered here. Prices were just cut in half and momentum registered a sub-3 reading on the daily RSI-14. Not something you see every day. No wonder Domino's Pizza is doing so well $DPZ $CSC_Fby allstarchartsPublished 6
The “real” Price of a Gallon of Milk? (Farm Bankruptcies) What is the “real” price of a gallon of milk? Why are we seeing one of the largest milk companies in the world file a REAL bankruptcies… Whats going on in the foods industry? For one gallon of milk, (most people) in the United States think of the “national weighted average” price. The price for milk and in “most cities” according to the USDA is $3.50 to $4.00, compared to about $6.00 to 8.00+ for organic milk. (USDA Retail Milk Price Index 2020) Unfortunately milk on the commodities market isn’t traded it “gallons”. So its difficult to understand the “price”. Class Grade “A” Milk futures are typically traded under the symbol “DA” and in a contract sizes of 200,000 lbs of Grade “A” cow's milk. The contracts are traded on something very similar to the “normal stock market” but are traded as “futures” in ticks of $.01 per “cwt”. worth $20 per contract. In North America, a “cwt” is equal to about 100 pounds or 112 pounds in the Europe (UK). So the “price” of milk to a stock broker is about $20 for 100 gallons. However, the price has CRASHED to about $10 or less (lowest in 10+ to 20 years!?) The price of milk has crashed! What about the health of the animals? What about the farms? We have all been hearing these quotes in the news. That “the current prices” are maybe some of the “lowest we will see in our lifetime?” But Milk!?!? and certainly the lowest in 10 years and including inflation of about 250% since the same gallon of milk in the 1970’s shouldn’t be the same price as one today? So we have to divide the prices by 2.5! I happen to live in one of the 3 largest “milk producing” states in the United States (Idaho!). The largest “milk producing” states are California, Wisconsin, and Idaho. Idaho actually produces more milk then New York, Texas, Michigan, Pennsylvania, Minnesota, New Mexico, or Washington. However, they all produce a LOT of milk! Each of these states produce about 10 BILLION pounds of milk EACH… with states like California and Wisconsin producing more then 30 to 40 billion pounds of milk? This is a LOT of milk! a billion is a thousand million! (1,000,000,000) and its 30 to 10 times even this number and globally the estimates are in the trillions of pounds of milk each year!?! The United States is the largest milk producer in the world?! Here are the “weight” totals for milk globally are measured in Kilograms not Pounds. So these numbers are multiplied by x2.2 to get “pounds”. Keep in mind that one of the largest producers of Milk is filing for Bankrupt in the United States. USA (91.3 billion kilograms) India (60.6 billion kilograms) … China (35.7 billion kilograms) ... Brazil (34.3 billion kilograms) … Germany (31.1 billion kilograms) ... Russia (30.3 billion kilograms) ... France (23.7 billion kilograms) ... New Zealand (18.9 billion kilograms) .. How are we treating the “big” animals? Is this a different bankruptcy because its with “real live animals?” Many cows are treated HORRIBLY! It is actually totally terrifying to see videos of how cows are actually treated on farms today! Its TERRIFYING. I was totally shocked at the videos its almost impossible to describe how horrible some of the things done to cows are in these milking videos. Today’s average dairy cow produces six to seven times as much milk as she did a century ago. With the rise of factory farming, milk is now a totally unnatural operation. Videos on the internet show cows latterly being dumped using tractors, electrocuted, shot in the head, burned on the head while still alive, many many cows barely able to walk, having their font lags not able to stand and being dragged across the floor while their knee caps bleed. This month one of the largest dairy company in the world and in the United States if finishing up and “filing” new paperwork for Bankruptcy and to “fire sale” everything all of their assets. We need someone to work on helping these farms! This cow milk company has been around for 94 years!? And is now in the final stages of their bankruptcy? They have made almost 7 billion dollars a year from cows milk? And had more than 50 national, regional and local dairy brands as well as private labels will all be “bankrupt” giving many dairy farmers “90 days” (from what you hear on the videos posted on the internet about farm closures). (Dean Foods, Organic Valley, Land-o-Lakes sound familiar?) Cows in the dairy industry spend their lives in a constant cycle of “antibiotics to cure infections”... (chicken farmers are not legally allowed to give chickens hormone treatments anymore) however, cows seem to be injected with hormones to increase milk production (as long as they are not “traceable” by the USDA blood screening? and I personally live on a University Farm in Idaho where they actually cut holes it appears on “live cows” and attach “strange devices” that look like they are giving vitamins “for quick injection of experimental hormones” to the cows directly into these patches on their stomachs? The cows do NOT look happy! Imagine a field of cows all with “frisbees” disks surgically on their stomachs so that they “grow faster?” and injections can be make “easily”? This is maybe for real? And it looks like that from the roadside of the University Farms? What is the price of milk?by idasupermanPublished 5
MILK FUTURES (DC1!) WeeklyDates in the future with the greatest probability for a price high or price lowby DinjinPublished 3
SMS Trade Entry - Short March MilkFridays move in Class 3 Milk Futures confirm a dowside breakout and potential new downtrend. SMS Strategy enters short at 17.14 with a stop at 17.48. Risk $680.Shortby WisdomTradingPublished 5
Eat your curds and WHEY!!!Extremely weak. Weakest one of the bunch. Have downside target on. Volume sloping but market is still short. Shortby TradingQBPublished 3
Cheeeeese Strong and bulls are definitely in charge but will get a sympathy pullback here Shortby TradingQBPublished 3
Class IV Milk - Bears are loading up on milkMuch weaker than Class III Great spread opportunityShortby TradingQBPublished 2
June Milk Bear GartleyJune Milk Bear Gartley. Retrace possibly back to pivot. Milk is still bullish as summer approaches. DLongby hopscotchUpdated 0
May Milk Bear ButterflyMilk is creeping towards a Bear Butterfly at 15.95. Milk should continue bullish after a retrace. This could then turn into an Elliot Wave above 16.DLongby hopscotchPublished 1
April Milk Bear CypherApril Milk formed a bearish Cypher last week. Higher prices were rejected on Thursday. Target maybe the 20 day Moving Average for another rise further up. Pivot at 14.92 would be first target before MA. If it falls through the MA then S1 would be the next available target at 14.55. If we get a rise on MA then we might be moving towards an Elliot Wave upwards. Prices have been in decline for a couple of months now. USDA price average is the yellow box, 14.70 - 15.40.DLongby hopscotchUpdated 1
Bear Bat on MilkMarch Milk looks to be setting up a bear bat to R1 at 14.95. Milk has been in a tail spin downward for a long while and don't see any reprieve just yet. Milk may go to R2 as this would produce a double top. Rise in prices have been due to good sales in Pizzerias for Super Bowl and now for NBA all star week today. Inventories still high for cheese so would expect chop to lower prices after this surge.DShortby hopscotchUpdated 2
January Milk Bearish BatMilk found a bottom two days ago and is now in retracement heading for pivot at 15.32. Hit the 20 day MA and will need to advance past this to achieve pivot. RSI is pushing upwards and trend is up. Believe double bottom needs to be achieved before significant headway can be made. This is still a bearish market. DShortby hopscotchPublished 2
December Milk Head and ShouldersDec Milk creating a H&S. Fell today laying out last shoulder. S1 15.93 target for bears. Breaching this and staying under would put Milk target at S2 15.77 and shoulder height coming around S3 15.60 to 15.51. Milk is also under the 20 day MA supporting this outlook.DShortby hopscotchUpdated 2
October Milk Resistance at 16.96Milk fell from a Bat two weeks ago and looking like it may topple more. Has broke the RSI trend and the 20 day MA. S1 at 16.11 next target for bears. Uptrend must be broken before this can take place. Suggesting a bull Bat next pattern. If milk pushes off the uptrend then we might see a triple top and upside to R3 at 17.28.DShortby hopscotchUpdated 1
September Milk Possible Bull RunMilk looking like it may make a run to R2 at 16.24. Right now caught in channel. Waiting for confirmation out of channel and move to R1 at 15.96. Bear Gartley would be the pattern. Market rising above the 20 day MA which is a good sign. Lots of potential RSI to run. Dby hopscotchUpdated 1
Milk Bullish CypherAugust Milk tanked today forcing RSI right down to near bottom. S3 target now for Milk at 16.03. Milk stayed below S2 in trading today suggesting continued selling. We may see some horizontal trading a bottom. DLongby hopscotchUpdated 1
August Milk Bullish CypherMilk had a steady climb through April and May. Now retracing. Fell out of the channel today on a gap down, and expect fall to S1 at least, at 16.44. May attempt S2 at 16.29. It has breached the 20 day MA and has stayed below. Pivot at 16.70 becomes resistance. July contract fell last week and is ahead of August. DLongby hopscotchPublished 1
Milk FuturesCan a bounce on the 20ma keep bull hopes alive? Bearish divergence and 0.382 rejection, kumo and 100ma resistance just overhead, perhaps the 55ma is in the future Short term shortQby Bobby_PetrinoUpdated 225