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Number of Pigs Per Litter Increasing

MORNING LIVESTOCK FUTURES OUTLOOK

LEAN HOGS

The report is slightly bearish.  The number of pigs per litter keeps on increasing.  The weight groups show there aren’t fewer hogs expected except for April. Intentions are an objective and not a realization.  With more pigs per litter, and slight increase with the lighter weighted pigs the high summer price premiums will see prices drop. April Lean Hogs with a few less pigs weighing over 180 pounds should retain their strength especially if pork prices continue up.

 

 

LIVE CATTLE

Light kill of 586,000 head and boxed beef prices dropped.  Packers bought cattle 185.00 to 186.00 in the Southwest and 188.00 to 1900.00 in the Midwest.  Dressed prices were 298.00 to $300.00.  With beef dropping and packers reducing hours packers aren’t going to be aggressive buyers. The spread between Choice and Select beef has narrowed to 3.29.  This often is a negative indicator for beef and cattle.

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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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