Cattle Futures Up
Livestock Futures Outlook
Both cash cattle and beef markets have been improving. At least for now, cattle and beef markets impressive. Futures are back to levels when cattle broke late February.
Steer and heifer weights have been steadily dropping over the past month. Average steer and carcass weights for week ending August 11th were down 5 pounds from previous week. They are 25 pounds over same time a year ago. They are 10 pounds less than a month ago compared to same period now.
Thursday both loins and hams higher putting cutout up $2.00. CME Pork Index higher for the week. For hog producers, higher pork doesn’t mean higher prices. Hog supplies are plentiful for now. Packers don’t seem willing to share profits.
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.