Explore Special Offers & White Papers from AFS

Cattle Rallied Into COF Report

MORNING LIVESTOCK OUTLOOK

Live Cattle futures have rallied into a Cattle on Feed Report, made highs within a day or two after and then have fallen off.  Wednesday Live Cattle futures had a big move higher but the rally was mostly spread traders liquidating overly wide spreads before the Cattle on Feed report and end of the month/year profit taking.

herd of cattle

Unless pork prices start to move up, even if there is a bullish Hogs and Pigs report, it might not help.  Pork was higher on Wednesday morning sales because sales were light and slaughter is down. The CME Pork Index to the CME Lean Hog Index narrowed.

Read Full Report 

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today