Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume was light Monday. Choice beef prices were higher in the morning and ended lower. Sales were light. Going forward watch beef load movement. The less beef moved on the daily market is a good indicator packers will need to fill more contracted beef orders and then will have less beef to sell on the open market. Seasonal demand normally starts mid-October.
PORK COMPLEX
Hogs opened Monday on highs and ended lower on light volume on quick end of the month profit taking on Monday.
October is National Pork Month. Retailers will be showing specials on pork during the month. Years ago hog slaughter increased after hot summer months and spring farrowed pigs were moving to slaughter.
>>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.
