Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
February 2025 live cattle settled on February 25, 2025 at $199.50 5 day accumulated weighted avg steer price on February 26, 2025 was $199.57.
So far for the week, cattle slaughter is up 9,000 head compared to a week ago which was expected after the wicked cold weather of last week. But for the first 3 days of the week slaughter is down over 29,000 head compared to a year ago. Packers are taking advantage of the heavier cattle to control the market.
PORK COMPLEX
Lean Hogs were up Wednesday on light to moderate volume. However, it isn’t saying much since lean hogs have dropped since February 12th after making contract highs.
Thursday, traders will be looking for export news. For the year sales are down from a year ago, but so far Mexico for the year is just slightly lower and is waiting to see what happens if and when tariffs take place. Mexico holds the key for pork exports.
>>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.
