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April Moved Nearer to Cash



Trade volume was light Tuesday. April moved nearer to cash and June Cattle on out narrowed the spread to April.  Monday, June was $6.47 under April. Tuesday, it narrowed to  $5.57.  Without a cash price so far this week and the COF Report on April 19th, expect slow volume trading Wednesday and Thursday with more narrowing on discounted June on out but remaining bull spread June and August.


solidary cow in a field



Cash hogs and pork have been trending higher and packer margins are positive.   The CME Lean Hog Index to the CME Pork Index is positive for packers.  The daily pork cutout was lower Tuesday. The belly market is back to being a yoyo with bellies on Tuesday down 22.78.

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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.

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