Written Commentary
MORNING LIVESTOCK OUTLOOK
Lean hogs closed down Thursday for the 6th day. From the contract high made on December 27th February 2022 Lean Hogs dropped from $91.60 high to $81.60 and the low support back to December 15th. Other months had similar down moves.
Choice boxed beef continues to move down Thursday. It is the time of the year when consumers aren’t going to spend their hard earned dollars on expensive beef cuts, roasts to steaks, and they buy cheaper beef. They still will buy beef, but cheaper beef like ground beef can be stretched as consumers plan family meals.
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.
