Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
Lean Hog trade volume was light Tuesday. The range of prices was tight. Lean Hogs rallied back to highs of a week ago last Tuesday closing on the 200 day moving average. Pork prices were up 33 cents on morning sales and the 5 day average at 100.54 gained 1.14. Pork and beef prices seem to be moving in unison and with pork a much cheaper price than beef, its normal for pork to stay competitively priced.
LIVE CATTLE
Gains in boxed beef have been significant Monday and Tuesday. If it is push for the last minute buyer for Memorial Day, beef will need to be in stores no later than Thursday, May 23rd. Travel for Memorial Day is expected to the highest in over 20 years. Americans are going to celebrate the long weekend.
>>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.
