Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
Monday, Lean Hogs traded lower in conjunction with Live Cattle and the lower Dow Jones. Tuesday, lean hogs partially recovered some of Monday’s losses. Spreads changed very little and volume was light. Hogs continue to gain on cattle. Producers in the Carolinas having problems moving hogs. Some lagoons are flooding.
LIVE CATTLE
When Cattle futures closed Tuesday, Dow Jones was up 595 points. August live cattle were $181.97 up 42 cents, October live cattle settled up 5 cents and December down 20 cents. It’s looking like it was not just the lower financial markets driving live cattle futures lower. For close to 2 years cattle traders have been concerned about inflation and what consumers may or may not buy. However, a recession on top of already high beef prices would definitely hurt the beef market.
>>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.
