Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Cash cattle sales light so far. Steers in Midwest selling from 186.00 – 190.00, averaging 188.19 on Thursday. Dressed prices on light buy 298.00 – 300.00, averaging 299.54. Compared to last week prices $3.00 to up to $4.00 higher. No cattle sold in the Southwest on Thursday.
LEAN HOGS
Gains in pork sales as consumers were buying more pork than beef and a 11% increase in pork exports especially to Mexico, South Korea and Colombia JBS had a record net revenue in their processed foods division. Lower grain costs and better supply.
Thursday by the end of trading Lean Hog traders essentially brought futures to prices where they settled last week. Exports at a marketing year low are disappointing. Pork exports have been a shining light for pork in 2024. However, pork exports are now slowing compared to January through March and it is beginning to look similar to what happened a year ago.
>>Read full report here
Interested in more futures markets? Explore our Market Dashboards 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.
