Written Commentary
MORNING LIVESTOCK OUTLOOK
The Cattle on Feed Report is Friday afternoon and the very slow trade volume on Wednesday means hedgers, either on the buy or sell side, are sitting on hedges or waiting and spec traders are waiting for the report. There was a little bull spreading, but that was about it.
Slaughter on Thursday down to 428,000. It is no wonder pork and hog prices have rallied but on the other hand, packer’s costs are eating into profits. The estimated current packer’s losses don’t take into effect the high costs of operating a plant.
Learn more about Chris Lehner 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.
