Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
Slowly pork prices are moving lower. Day to day from morning sales to afternoon sales there is volatility of primal cuts but the 5 day carcass average has been trading lower. At the same time, the CME Lean Hog Index has been gradually narrowing the difference between the CME Pork Index. It is still at a level where packers are in the black on negotiated hog purchases and the price of pork on daily markets, but if it continues to narrow, packers start to lose margins.
LIVE CATTLE
Live Cattle were higher Thursday but traders were unable to push markets to fill a small gap on December Live Cattle from 188.00 to 188.15. For the week December is up $1.10 and February is up $1.22. The December/February Live Cattle spread remains bear spread.
Read full report here
Interested in more futures markets? Explore our Market Dashboards 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.
