Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
June 9th is first notice day for June 2025 live cattle. From Monday, May 19th there are 3 weeks. Convergence will take place in June. Since January the June futures have had downturns. From Jan 29 to March 4th the market dropped 16.65. From April 4th to April 9th it dropped 15.92. Is this just another spec drop? Cash is certainly higher and beef prices remain high.
PORK COMPLEX
Hogs were higher Thursday. June went off the board on Wednesday and specs came into the market. June futures are 9.93 over the CME Lean Hog Index. The June August is moving to a 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.
