Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume was light Wednesday. April live cattle futures finally filled the gap left from October 16 and 17. Biggest moves were from October on out as they are trading discount to earlier months. It is likely Fall and Winter futures will move higher than June and August as they move to bear spreads against the Summer hogs.
LEAN HOG COMPLEX
Are packers keeping slaughter down trying to support pork prices? A good way to see if it is happening will be the size of the kill for the week, and if weekly and yearly weights increase or decrease. Last week weekly weights were the same as the previous week and compared to a year ago, weights were up 1 pound.
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.
