Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
For a post Cattle on Feed report day futures trade volume was light. October Live Cattle volume was just 21,354 contracts and December volume was 13,006. October was up $1.05 settling at $179.87 and December was up $1.12. August Live Cattle settled Monday at $178.97. Last week cattle slaughter was up 9,000 head from the previous week and packers were able to buy cattle $1.00 lower.
LEAN HOGS
Trade volume was light Monday. Pork prices are working lower. Loins, hams and bellies are the main products pulling down the cutout down. Currently, it is the better than average exports that are the support of pork.
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.
