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Placements Expected to be Down



Trade volume was light Wednesday and unless there is a surprise on the cash cattle price, expect the same type of trading Thursday.  However, Thursday could be similar to a month ago when Live Cattle prices moved down ahead of the COF report.  Who knows, traders could do the same and sell or the opposite and buy.  Placements are expected to be down.


cattle near a stream



The CME Lean Hog Index to the CME Pork Index was $10.14.  It is positive for packers but it did narrow by 50 cents with pork down and hogs up.  It is positive for packers but if it continues to narrow, and packer margins turn down, packers will tighten slaughter and make sure no extra hogs are bought.

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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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