Written Commentary
MORNING LIVESTOCK OUTLOOK
Futures trading will be slow this week with traders waiting for the Cattle on Feed Report on Friday, December 23rd. Also, this week and next week there will be fewer traders. Funds are balancing baskets and re-allocating ahead of 2023. Unless something major takes place, look for light volume and likely two side trading.
Daily pork sales have been light with daily sales including trimmings barely averaging a little over 300 loads for an entire day’s sales, but if daily sales pick up it means less pork is being contracted and that means sales need to happen on the daily market.
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.
