Explore Special Offers & White Papers from AFS

Lack of Supply Driving Demand

MORNING LIVESTOCK FUTURES OUTLOOK

FEEDER CATTLE

Fundamentals came into play this week as the industry has finally awoken to a shortage of cattle in the country when compared to normal.  The CME Cattle Complex had no choice but to move higher to follow the cash fed cattle and auction feeder cattle.  Lack of supply in the cattle world is driving the demand to a point where feedyards are having to stay in the game to keep feedyards full.

LIVE CATTLE

Tuesday’s Live Cattle trade volume was moderately active. Tuesday spec traders were bull spreading. Tuesday, June 5th , June Live Cattle settled at $179.82  and the 5 day negotiated AVERAGE steer price was $182.78, narrowing June Live Cattle $2.96 under cash.

 

LEAN HOGS

Trade volume on Lean Hogs was moderately active as traders bought  summer hogs and sold fall into 2024 Lean Hogs.  Pork and hogs benefiting from extreme high beef prices and packers pulling hogs forward killing lighter hogs.

Read more here

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today