Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Tuesday was another light volume day with markets closing higher for the third day. April live cattle settled at $204.80 moving to convergence with 5 day negotiated steer price at $207.83. With the most active month June live cattle that is discount to April, traders are narrowing the bull spread.
PORK COMPLEX
April lean hogs on Monday went off the board at $85.47. Although may lean hogs are hardly traded, in two weeks may lean hogs do become the spot month and used as the price where futures and cash need to converge. May is currently $2.20 over the CME Lean Hog Index.
>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.
