Written Commentary
MORNING LIVESTOCK OUTLOOK
Besides movement on the October Live Cattle contract that went off the board Monday, Live Cattle trading had moderate active trading but less than a dollar range. October Live Cattle settled at $146.77 with a high of $150.65 and a low of $146.77. Boxed beef was strong throughout October.
Monday, the pork cutout was lower because bellies dropped 23.62. However, loins and hams were higher. Loins and hams are cheap. It isn’t too late for retailers to push loin and hams during the holidays. These products will need to be monitored.
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.
