Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
Traders on Thursday did a quick reversal and bought futures and took in bear spreads and bought cattle and sold hogs. For 7 days, trade volume has been light to moderate with lows bouncing down to support. Thursday traders took advantage of the recent lackadaisical volume and switched to buy. October live cattle have been discount to cash and with pressure to break the day after day support buyers took advantage and were quick buyers.
LEAN HOG COMPLEX
The current discount on October lean hogs is giving it some support, but most support is and has been coming from spread traders buying lean hogs and selling live cattle.
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.
