Written Commentary
LIVESTOCK AM OUTLOOK
Normally, beef declines in January and with global concerns about inflation and the winter increases with COVID in 2022, it is hard to see anything even close to steady but more downside for beef.
A slow trading day for Live Cattle on Wednesday. Spreaders continue to bear spread ahead of Thursday’s Cattle on Feed Report.
Pork net sales of 31,100 were good with Mexico taking the bulk with 22,700 metric tons. China like last week ended up with a reduction of 700 metric tons.
As of the close Wednesday, February Lean Hogs are $10.33 over the CME Lean Hog Index. Trade volume is light and traders buying hogs anticipating a bullish Hogs and Pigs report.
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.
