Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume was moderate Tuesday. There are large speculators and funds that roll before the Goldman Sachs times. December live cattle volume was nearly identical to December lean hog volume. The lez/hez spread is extraordinarily wide now and it is likely to narrow in September.
PORK COMPLEX
If pork consumption increases as it is expected to do, look for gains during September. The bull spread between October and December lean hogs should widen and lean hogs should gain on live cattle. Live cattle/lean hog spreads are currently at a record wide spreads.
>>Read full report here
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.
