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Comments for March 4, 2010

Looking Ahead to Thursday by reflecting back on Wednesday’s trading action

Spotlight on the Meats: Cattle makes another new contract high

MEATS: 03/04/10 Higher closes yesterday for live and feeder cattle along with the hogs but lower for pork bellies this time. The cattle and feeders continue moving higher with the feeders making another new CONTRACT HIGH and close. The beef market continues to be be very strong overall with the feeders leading the way it seems no matter which way corn goes. Hogs made a new recent high and close continuing to jooin the rest of the meats in strong uptrends. Bellies settled lower but still are in a good uptrend overall. BUY SIGNALS FOR LIVE AND FEEDER CATTLE, HOGS AND PORK BELLIES. CALL FOR DETAILS!

Read the balance of my morning comments, including the Grains, Metals and Currencies at my website. For my complete coverage, visit my commentary page at www.markethead.com 

Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.