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Traders Take Premiums Out of Markets

MORNING LIVESTOCK OUTLOOK

Dow Jones Industrial average was down when cattle futures were trading on Monday, adding negativity to the futures market.  Traders are convinced slaughter numbers will swell into June through August because of the big placements of the last Cattle on Feed report.  There are reports indicating cattle prices could drop from $10.00 to $12.00.

Hogs lower on Monday as traders take premiums out of markets. The last time June hogs were as low was January 19, 2022.  June’s low was $100.55 with the CME Lean Hog Index as of May 5th at  $100.91.  Trading below the index, it was natural to see some profit taking and to see June settle at $100.30.

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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.

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