Written Commentary
MORNING LIVESTOCK OUTLOOK
Cattle trade volume over the past couple of weeks has been light to moderate. Thursday volume changed. April volume was 42,047. Kill numbers have been increasing and boxed beef with consumers fighting high priced cuts with the strong possibility of high gas, high utilities, higher interest rates and rising prices on most goods and services.
Thursday April hogs did close below the 5 and 10 day moving averages and it was the first time since January 14, 2022 when the close was 88.45. Hog slaughter has picked up a bit but is still low. Hog and pork demand has been strong because of the lack of hogs. Going into mid-spring and summer expect to see increasing hog supplies
Learn more about Chris Lehner here
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2021 ADM Investor Services International Limited.
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.
