Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Boxed beef prices have been dropping fast. If it wasn’t for Choice primal rib sections, Choice boxed beef would be much lower and that should be a concern once the demand for December holidays and New Years Eve is over. Top it with the poor exports especially of late and cattle and beef prices could drop much more. Friday’s futures trade was another technical rebound off lows on light volume trading.
LEAN HOGS
Traders evened up Friday to close Lean Hogs down but not too far off last week’s Friday closing prices, more in line with how cash hogs have dropped over the past week and bringing December Lean Hogs closer to the CME Lean Hog Index. With a week to go before December Lean Hogs expire, December settled Friday at $68.42. The CME Lean Hog Index is $69.43
>>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.
