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Lighter Hogs Are Price Supportive



Traders were spreading Wednesday as they were selling nearby months and buying months ahead.  June Live Cattle went off the board at $181.50 with August discount.  Wednesday traders extended the discount with August settling at $174.95. Volume was moderate. Spread traders were also selling Live Cattle and buying Lean Hogs. Expect spreading to be a dominate part of Live Cattle trading in July.

Pigs in pens


Hog weights are light, losing weight day after day. Lighter hogs are price supportive. The recent CME Lean Hog Index is 94.31 and July Lean Hogs settled at 101.27 Wednesday.  With less than two weeks before July Lean Hogs expire, either cash is moving higher of July Lean Hogs are going to move done.

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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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