Written Commentary
MORNING LIVESTOCK OUTLOOK
LIVE CATTLE
Beef prices were down on Wednesday and again Thursday. Export sales are dropping throughout February and now March to the Thursday morning report to just a minuscule 5,600 MT. At the same time April Live Cattle are discount to cash. The falling boxed beef market is taking away trader’s bullish enthusiasm. With the Dow Jones Industrials lower for the third day there are several reports talking about recession. Consumers and traders are getting concerned demand for beef is going to drop.
LEAN HOGS
Packers are killing just the number of hogs they want, no more, no less. The pork cutout is inching higher, lately the spread between hogs and pork is favoring pork and weights aren’t dropping.
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.
