Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle futures volume was active Monday and mainly speculative. February bounced up to the 50 day moving average and then gave up gains moving down to where the 5 and 10 day moving averages converge. April Live Cattle trading was moderately active. Speculators rolling out of February into April was the main activity throughout the day.
LEAN HOGS
Hogs down on the CME Lean Hog Index and the CME Pork Cutout Index higher has packers happier than pigs in mud. The weather didn’t seem to be a concern to packers with kill the same number of hogs they did a year ago. Packers are working in the black and as long as they can do it, they will keep kill up.
>>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.
