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Lean Hog Futures Becoming Oversold?



Technically, lean hog futures are becoming oversold but spreads aren’t.

The difference between the CME Lean Hog Index and the CME Pork Index is narrowing and at $3.91 packers aren’t out hunting up hogs to increase slaughter. They are going to kill the minimum number of head just to meet and not exceed contracted pork orders and pork sold on the daily market.

black colored hogs


The higher beef market didn’t seem to rattle sellers.  The trading range on Live Cattle futures was tight.  June Live Cattle, the most actively traded contract had a high of $156.10, the 5 day moving average which it hasn’t been above since February 28th. The day’s low was $155.42.

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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.

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