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Lean Hogs Up on Light Volume

MORNING LIVESTOCK OUTLOOK

Lean Hogs were up Wednesday on light volume trading. Wednesday’s trading appeared because of the light volume end of the month profit taking.  For instance, on November 17th, February Lean Hogs settled at $90.80 and after gapping lower Wednesday at 83.72 and no follow through they moved higher but remained below all moving averages and volume was light.

black colored hogs

Live Cattle have been bear spread.  The Cattle on Feed Report was friendly.  As cattle go into December, bear spreads should move to bull spreads.

Feeder Cattle has improved from a year ago. Last year on Nov 30, 2021 the CME Feeder Index was 161.60 compared to current price at $178.40.

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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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