Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
Summer Lean Hog futures have volatile daily moves with speculators controlling the trade now that there is no spot month. As of Friday’s pork sales, the 5 day average carcass prices for week ending April 26th was down $2.35. The 5 day belly average was down $13.22 and hams were off $4.02. Loins were down 5 cents. ribs up 15 cents, picnics up $3.76 and butts up $2.94.
LIVE CATTLE
April Live Cattle settled Friday at $184.67. The 5 day accumulated weighted steer price as of April 26th was $183.54. Cash cattle in Kansas and the Southwest on Thursday were steady with last weeks at $182.00 but on Friday packers in Kansas added another $2.00.
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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.
