Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
JBS strike began at 12:00 AM this morning.
Feeder cattle have been following news from live cattle. Spec traders have been taking off a few contracts ahead of the JBS strike as cattle prices have moved lower. However, movement at sales has remain low so eventually feeders will likely recover at least part of the losses of the past week.
LEAN HOG COMPLEX
The CME lean hog index and the CME pork carcass index were higher. Neither hogs or pork are making big moves but move at a steady pace higher. High priced beef and the expectations of consumers in the US increasing consumption and pork exports expected to remain up are moving prices higher.
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.
