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LH Trade Vol Light to Moderate



Lean Hog trade volume on Tuesday was light to moderate with June by far the most traded month. Lean Hogs from June on out aren’t packers buying hogs.  They may be buying a few but they have been buying hogs and selling pork for months before the recent move to the upside.  Since the March Hogs and Pigs report, June has gained close to $4.00 on April.  The December 2023-February 2024 pig crop was up 2 percent from last year.


cows with an oil rig



Trade volume was light to moderate Monday and Tuesday.  Since Friday’s close April Live Cattle are up $2.45 as it nears closer to cash.  Last week, cash cattle in the Southwest traded $184.00 and cash cattle in the Midwest $187.00 with steers averaging in the U.S. at $185.89.  So far no cash cattle have been sold as of Tuesday.  Packers are going to try to buy cattle cheaper and feedlots are asking for prices back to a week ago with asking prices 189.00 to $190.00 in the Midwest claiming packers are short bought.

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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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