Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Historically, beef prices decline at this time. As packers rebuild slaughter levels and beef buyers build stocks from the holiday, prices are likely to decline. Consumer demand is going to determine price movement in January and February. In February demand for rib and loin primals increases for valentines day.
PORK COMPLEX
Tuesday traders were moving February to mostly April with February volume at 27,270 and April volume at 26,159. At the same time traders were buying lean hogs and selling live cattle. Trade volume was moderate.
>>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.
