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Volume Down For Live Cattle

MORNING LIVESTOCK OUTLOOK

Live Cattle futures are bear spread.  Volume on Monday showed not many traders are interested in buying cattle. GLOBEX volume on February was only 15,993 contracts and April 2023 Live Cattle volume was only 8,287 contracts and volume drops fast for summer and fall cattle.

fenced in cows

Tuesday the daily pork carcass price gained 3.36 with gains on hams, bellies and picnics and loins put on 1.31.  The 5 day average prices for the carcass has gained close to $1.00 at 87.81. It is still very cheap.

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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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