Light Trade Ahead of Hogs & Pigs Report
MORNING LIVESTOCK OUTLOOK
Lean Hog trading was very light Monday and will be light through the week. Loins and Hams must see some strength to get the pork market from falling further. This week before the Hogs and Pigs Report look for light trading. Spreads are wide and before the report spreads should narrow on profit taking.
This week look for light movement on beef sales. There may be some daily movement to fill in a few orders but unless something happens that is not known, beef sales will be slow. Futures trading will also be slow this week with traders waiting for the Cattle on Feed Report on Friday, December 23rd.
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.