Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
April 6, 2020 was the historic low made during Covid. Now, live cattle futures are slightly overbought with 5 straight days of being higher. How will algorithms react?
Workers at JBS are going back to work on Tuesday morning.
LEAN HOG COMPLEX
April demand slows especially for hams. Exports are going to be important to take up extra pork according to Hogs and Pigs Report with inventory is up 1%
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.
