Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Throughout Monday’s trade, Live Cattle could react negatively to bank takeover by JP Morgan. With April off the board and even though June is discount to cash, traders could push it down. It is over a month before June Live Cattle are in delivery.
LEAN HOGS
Compared to a week ago the CME Lean Hog Index was down 12 cents and the CME Pork Index was up 89 cents. Lean Hog futures did better than cash hogs with June futures gaining $4.35 for the week. Compared to a week ago hog slaughter was down 67,000 hogs. For the week the 5 day average carcass price gained 74 cents.
Learn more about Chris Lehner here
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
