Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Thursday Live Cattle trade volume was moderately active. Has a top been put in cattle? The reality of the cattle market is packers are fighting over the few showlist cattle but the majority of cattle moved on various forms of contracts, fed directly for a packer feeding program or outright owned by a packer. Day after day boxed beef prices are skyrocketing lead by Choice primal rib primals simply because the amount of Choice rib primals are scarce but so are other primal sections.
LEAN HOGS
El Nino has officially returned and is likely to yield extreme weather later this year, from tropical cyclones spinning toward vulnerable Pacific islands to heavy rainfall in South America to drought in Australia and in some parts of Asia.
Learn more about Chris Lehner 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.
