Summary

This is a fundamental discretionary livestock program that trades 50% Lean Hogs and 50% Live Cattle. The strategy trades outright futures contracts with a minor option overlay. It seeks to maximize profits on directional price moves by taking long and short positions. Average trade duration is 2-3 weeks. Technical analysis is used for timing of entry and exit. Traders, Kevin Bost and Martin Callaghan, each have over 30 years experience trading livestock. In 1987 Mr. Bost became an Economist at the USDA Economic Research Service. Bost has served as Director of Supply Chain Management for Wendys International. He currently consults for several large restaurant and supermarket chains on meat forecasting and risk management. Martin Callaghan has been a member of the CME since 1975, operating as a floor trader in the Lean Hog pit. *Stockyard Trading is a d/b/a of Big Shoulders LLC