Written Commentary
MORNING LIVESTOCK OUTLOOK
The extreme heat in the Southwest has been moving cattle lighter and low grading as soon as a packer will buy them. High feed cost is another reason for lower grade cattle and the reason packers in the Midwest are paying big premiums in order to keep cattle on feed longer.
Packers are paying whatever is needed to get hogs. Paying up if they have to pay up to get enough hogs to fill contracted pork orders is what they need to do.
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.
