MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume has been light and it has been light since august 5th. It is likely to stay light. Funds usually allocate on the quarter year or half year . With volume in grains and other commodities up, coming into livestock may have to wait until 2025. Beef prices continue to move higher. The CME Beef Index compared to a week ago gained $7.39. Strength in beef this time of year is normal.
PORK COMPLEX
Spec traders moved lean hogs Thursday giving the market a swing day up and down. Volume remains light. The cash daily pork market on the morning sales was higher with loins bouncing off Wednesday’s low price and hams were higher. Bellies were up 5.65 the main reason the daily cutout was higher.
>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.