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Lean Hogs Downward Trend Continues

MORNING LIVESTOCK FUTURES OUTLOOK

LIVE CATTLE

Live Cattle trade volume was moderate. Cash is over futures for cattle in the Midwest and grading Choice and Prime but with cattle going through the heat in the Southwest and hard to find high grading cattle, few cattle are bringing cash prices near futures. August Live Cattle settled 22 cents under the highest futures close at $181.32 on July 19th.

 

 

LEAN HOGS

Lean hogs were down again Thursday.  The last time October Lean Hogs were as low was July 5th and December dropped to lows back to June 9th.  October through February Lean Hogs gapped lower.  Daily pork sales have become a yoyo. Daily pork movement is so light compared to the amount of total hogs killed, daily price volatility has become the norm.

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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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