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Live Cattle Try to Rally



Live Cattle futures trade volume was light Monday as they tried to rally. Expect light trading the remainder of the week before the Cattle on Feed Report on December 22nd and then light again the following week before the New Year break.


fenced cows


Pork prices continue to slip lower.  On Monday, the CME Pork Index gained on the CME Lean Hogs and was plus $17.33.  It is good for packers and with the CME Lean Hog Index down, it is bad for producers.  Producers cash prices are falling and with the high base prices on carcass and formula hogs based on previous contract prices and various ways of calculating prices such as grids, formulas and carcass pricing, the high base prices will be coming down.  Futures are bear spread indicating traders outlook into 2024 and 2025.

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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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