Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
US consumers like beef. In 2024 consumption was at 13.3 million tons compared to 2023 at 13.0 million tons. For the feedlot selling cattle, it is good news because consumers are willing to pay for beef and they are willing to pay high prices for the highest priced cuts.
PORK COMPLEX
Big move up on hogs Monday. With expiration for April still about a month away, the price April settled at $88.07 is not far from the CME Hog Index at $89.55. Spread traders were active with summer hogs. Currently large spec traders and funds have moved to June on out and are moving spreads on summer to fall and winter hogs.
>>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.
