Written Commentary
LIVESTOCK AM OUTLOOK
Beef export net sales disappointing. South Korea the top buyer for 2021 only took 3300 MT. Japan the biggest buyer of the week took just 4000 MT. Exports should be at least 24,000 Mt to 25,000MT.
Live Cattle took a break Thursday. After two good moves higher on Tuesday and Wednesday, with no follow through in the morning, traders took some quick profits.
When volume is light and hog volume has been light, it is time to expect anything can happen. August is now tracking the CME Lean Hog Index and months from October on out are tracking the traders that have the biggest money and funds have it and they are big spreaders.
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.
