Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
August Live Cattle settled Thursday at $179.72. Cash cattle moved Thursday at $1.00 to $2.00 lower in the Midwest. $1.00 lower in Kansas as some feedlots jumped out early in the morning and in Texas on light sales, cash cattle were steady.
LEAN HOGS
This week and next week will be short slaughter weeks. Packers continue to lose margins. The CME Pork Index and the CME Lean Hog Index continues to narrow again and the difference has the Index at $4.64 over the CME Lean Hog Index.
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.
