Written Commentary
MORNING LIVESTOCK OUTLOOK
After tumbling close to $13.00 the last 10 days of September, Dec hogs were up $1.50 on Monday and starting out the month higher. Is it a turn-around for lean hogs? Not likely. Lean hogs were becoming oversold and with a stronger morning cutout, mostly due to bellies up $23.95.
Weaker U.S. Dollar and gain Monday and Tuesday morning could be positive for cattle. Less talk this week about recession. Beef export net sales were good last week at 21,500MT which is what it needs to average per week. No big buyer.
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.
