Explore Special Offers & White Papers from AFS

Moderate Trade Volume For LC



Live Cattle trade volume was up Wednesday from Tuesday but still just moderate with the majority of trading on August as traders moving August up and bringing the discounted futures nearer to June Live Cattle and nearer to the average 5 day steer price at $182.90.  August Live Cattle settled at $173.87.  June Live Cattle go off the board at the end of the week settling Wednesday at $179.62 narrowing the difference between cash and futures.



August Lean Hogs are discount to the latest CME Lean Hog Index and discount to the current national negotiated price at $94.51. August Lean Hogs settled at $91.10. They are also discount to July Lean Hogs.  Spreads will be a good barometer of direction for hogs and cattle during the second half of 2023. Pork net sale exports were 26,700 MT. staying around the past few weeks sales. Mexico was largest taker with 15,100 MT followed by South Korea at 4100 MT then Japan at 2600 MT.  China was absent.

Read more here

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Chris Lehner Today