Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Last week cash cattle sales were steady on a very light buy. The spread between the Midwest and Southwest remains wide from $9.00 to $10.00. Midwest cattle sold for $198.00 to $200.00 and cattle in the southwest averaging $190.00 on extremely light buy. Texas/Oklahoma and New Mexico as the USDA posting Friday afternoon only moved 3,955 head.
LEAN HOGS
Exports are up, but the increasing inventory of hogs and pork isn’t helping US consumption. Americans even when pork prices are down and supplies are up are not changing eating habits. Strong exports didn’t help hog prices Friday. For the week July hogs were up 30 cents and August hogs were up 57 cents. October lean hogs on out closed lower.
>>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.
