Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
Trade volume was light Wednesday as Lean Hogs bounced off lows to close mixed. Traders are looking at lower pork prices and waiting for Thursday’s exports. When Lean Hogs made contract lows on May 26th, December gained $10.77 in a month. However, in May through June trading was during a spot month. Now, trading is in a non-spot month where speculators dominate trading. Pork prices continue to drop.
LIVE CATTLE
Futures trade volume was light Tuesday and light on Wednesday. Trading is going to be light this week ahead of the COF report on Friday. As it usually happens, spec traders will position themselves to be flat or spread before the report.
Read full report here
Interested in more futures markets? Explore our Market Dashboards 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.
