Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Cattle volume was moderately active during the previous session. April live cattle gapped higher and June live cattle into 2027 futures followed it higher on the open. Shortly after the open futures sold off on quick profit-taking.
LEAN HOG COMPLEX
Traders are expecting prices to drop May through August. Spreads are bear spread. For example; June lean hogs/July lean hogs settled with June 2.52 under July.
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.
