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Did Avain Flu Report Tumble LC?



It is hard to say if Live Cattle and Feeder Cattle futures Tuesday reacted to the report about avian flu found in dairy cattle caused futures to tumble or was it continued selling after the unexpected increase in placements on the COF report or was it fund longs liquidating and then adding new shorts.  Volume was heavy.  June Live Cattle fell $3.22.  From the spike high on Thursday March 21st and the close at $184.50, June 2024 Live Cattle have dropped $6.12. Tuesday they fell $3.22.



Trade volume was light Monday and Tuesday for Lean Hogs  Oct 2024 Lean Hogs made new contract highs on Globex volume of 3,484 contracts. With the Hogs and Pigs report on Thursday, traders are already positioned ahead of it or out.

>>Read full report here


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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.

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