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Goldman Sachs Roll Began Monday

MORNING LIVESTOCK FUTURES OUTLOOK

LIVE CATTLE

Trade volume was active Monday.  Volume for August Live Cattle was 41,149 contracts and October Live Cattle volume was 33,142 contracts. Monday was the start of the Goldman Sachs roll. The wide spread between cash and futures still encourages producers to move cattle as soon as a packer will take them

LEAN HOGS

Goldman Sachs roll began Monday and it was pretty much what the trade concentrated upon. August Lean Hog Globex volume was 26,687 contracts and October volume was 17,966.  The 5 day pork carcass average early Monday was at 108.22 and afternoon sales it was up 1 cent

 

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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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