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Will Exports Report Help Cattle Market?

MORNING LIVESTOCK OUTLOOK

Wednesday was the third slow trading day on Live Cattle futures. Maybe exports reports Thursday morning will help the cattle market out of the doldrums.   Exports have been good in 2022 but the strength of U.S. Dollar compared to Japanese Yen isn’t helping.

Fenced-in Cattle

The big drop in bellies has traders wondering if the pork cutout has topped, but it isn’t just bellies that are down.  The 5 day pork carcass average since August 1st is down almost $15.00 and it bellies are just part of it. Butts, rib primals and hams are all down hard.  Loins are just about steady but the severe drop in the 4 primals all help the cutout to fall.

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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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