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Selling Summer Hogs, Buying Fall

MORNING LIVESTOCK FUTURES OUTLOOK

LEAN HOGS

New contract low closes were made for June, July and August Lean Hogs while October Lean Hogs into 2024 Lean Hogs closed off Tuesday’s lows and pennies higher. Traders were selling summer hogs and buying fall hogs into 2024.  Weights  have dropped particular the “packer sold” and “packer owned” hogs  indicating packers are pulling hogs to kill sooner.

Pink Pigs

LIVE CATTLE

Live Cattle futures were higher Wednesday and closing on new contract highs for June. Volume was active. 2024 contracts all made new contract highs. Producers selling on the showlist would like to keep cattle on feed, put on a few more pounds versus replacing with high priced feeders that are hard to find.

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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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