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Cattle Movement Slow Due to Weather

MORNING LIVESTOCK FUTURES OUTLOOK

LIVE CATTLE

Cattle haven’t disappeared – they are in feedlots and as soon as weather allows movement, packers are going to have to push lines to make up for cattle and beef that has been scheduled. Live Cattle traders are not looking at the storm, recent cattle prices or the current price of beef on the daily market. They are anticipating what will likely happen from February on out.

longhorn cattle

FEEDER CATTLE

Like cattle, feeder movement was slowed due to weather.

LEAN HOGS

Pork prices have improved due to the light slaughter because of the snow and sub-zero temperatures.  Packing plants have fewer people showing up either because they can’t travel on roads or need to stay home with children home from school. But as weather moderates,  roads are cleared and schools reopen, look for packers to increase line speed and put more pork into the market. Packers have positive profit margins. They want to kill hogs and need to kill to make up for light movement on contracted pork.

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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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