Explore Special Offers & White Papers from AFS

LC Futures Driving Cash Down?



Is the steep decline in Live Cattle futures driving cash cattle down?  If futures are driving down cash it is due to speculators mainly liquidating bear spreads.  Longs began liquidating in earnest mid-October according to the Commitment of Traders reports.  Live Cattle have been bear spread and recently spreads have narrowed indicating liquidation.  On top of it, beef prices have been dropping.  The boxed beef market is being supported with rib and loin primals with daily sales that have been light.


Livestock in Misty Field


Pork prices have been bouncing over the past couple of weeks and this week compared to a last Friday the 5 day carcass price average has gained 97 cents, nothing to excite the market. Very good exports are helping to keep the increase in hog slaughter in 2023 from a more severe downturn in prices for hogs and pork.

Read full report here


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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today