Written Commentary
MORNING LIVESTOCK OUTLOOK
It was a slow trading day on Tuesday. Volume was light for live cattle markets. There was small downside that appeared to be traders filling gaps between Friday’s highs and Monday’s lows, but gaps were left unfilled. The trading range was tight. February 2023 Live Cattle from the low to high moved just 65 cents.
The CME Lean Hog Index is moving lower as December Lean Hogs move up to converge in about three weeks. Lean Hog trading was light Tuesday and likely will be light the remainder of the week.8989
Learn more about Chris Lehner 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.
