Written Commentary
MORNING LIVESTOCK OUTLOOK
June 2022 Live Cattle went off the board Thursday at 138.00. Throughout June traders ignored higher prices paid for Midwestern cattle. Buyers have begun to book less beef for post 4th of July. Beef demand usually slips in July and August and will likely do it again this year with consumers concerns of inflation and high cost for most consumer purchases.
For the day after a Hogs and Pigs Report, trade volume was light to moderate. Packers look at the report as negative with fewer hogs going forward. Trade volume is likely to increase when traders come back after the July 4th holiday.
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.
