Feeder Cattle Made New Highs
MORNING LIVESTOCK FUTURES OUTLOOK
New contract highs were made Thursday in Live Cattle. Volume was active. Options were also active. There were more puts traded than calls. Today, September 15th and for October Live Cattle there are 25 days before first notice day. As of this week December Live Cattle have the most open interest.
Feeder Cattle from November 2023 into 2024 made new contract highs Thursday.
Hog weights are starting to creep higher. As hog slaughter increases, it is positive if pork prices gain faster than hog prices but it will be bearish if pork prices fall.
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.