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Key Reversal Lower in Live Cattle

MORNING LIVESTOCK OUTLOOK

August 2022 Live Cattle settled at $141.55.  August Live Cattle gapped higher on the open and moved up to $145.00, but reversed and closed lower on the day and below Tuesday’s low, a key reversal. But since it went off the board Wednesday, it means very little except to traders that held positions to the last trading day.

spotted cows

The early marketing of calves continues for most areas of the U.S. additionally, the reduction and liquidation of the herds has continued with mature cow year to date harvest increasing 10 percent over the last two years.

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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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