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Low Volume Trade For Livestock



Futures had some activity but to no surprise  it was a low volume trade for the last trading day of 2023. Live Cattle futures settled Friday with little change except for December 2023 Live Cattle that went off the board at $173.67 going along with the stronger cash cattle market this week .

Cows grazing


Very quiet trade day for Lean Hogs last week.  Most of the trade over the past week was spreading with lean hogs bear spread.  Cash hogs were lower and pork was slightly lower but the hog/pork price spread is packer positive.  Packers are going to work hard to keep it positive.  They will count each hog slaughtered to make sure it has corresponding positive pork price.  With it being positive as it is now, they will keep hogs current but if it backs down to where they see losses, they won’t hesitate to slow kill in 2024.

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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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