Explore Special Offers & White Papers from ADMIS

LC Futures Nearing Cash Prices



Wednesday, Live Cattle futures moved higher nearing cash prices. Live Cattle moved up to the levels of March 22nd, the day of the March Cattle on Feed Report.  Spread traders were buying cattle and selling hogs.  Since April 24th the June cattle hog spread has moved from $67.80 to Wednesday’s settle at $88.77.  The August cattle spread moved from $66.22 to $84.12.


herd of cattle



Tuesday’s daily pork prices for loins dropped $4.60 and Wednesday on morning sales loins were down $2.70 and by the afternoon loins were 57 cents higher.  Loins have been a major support of the carcass price.  Butts were also down $6.37 Wednesday morning and ended the day down $3.77. Ribs were up in the morning $1.66 but by the afternoon down $8.26.  It is another example why watching the 5 day average is more important than daily morning or afternoon sales.

>>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.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started