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Profit Taking Bounce Due?



The hogs and pigs report is June 27th and June is also the end of the second quarter.  Large funds are moving to the sidelines until July.  Liquidating futures and spreads taking profits was what happened friday. Lean hog charts  in the 2nd quarter of 2024 showed a mirror image of 1st quarter. With June lean hogs going off the board, and with August hogs into 2025 having relative strength indexes in the teens on Thursday, a profit taking bounce was  due on Friday.


pigs eating in pens



Trade volume was active Friday.  Notably over the past week spread traders were reversing bear spreads.  However, live cattle from august 2024 through April 2025 remain bear spread.   The COF report is Friday and futures have moved back to levels when the market broke before the March COF report.  Heat is going to be a factor as temperatures in the Midwest will be in the mid 90’s with high humidity and in Texas over 100 with high humidity.

>>Read full report here



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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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