Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
With the outlook for more cattle in the feedlots, traders aren’t willing to buy futures but with nearby futures below cash, they aren’t willing sellers. Trade volume was light Thursday. For the near term, look for futures to trade slowly lower. Cash cattle prices last week were steady to slightly weaker in the Midwest and in the Southwest mostly steady. Buying activity was light as packers were buying for the short Labor Day week.
LEAN HOGS
Lean Hog futures were lower Wednesday on light volume. Traders are predominately spreading and maintaining bear spreads from December 2024 through April 2025.
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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.
