Explore Special Offers & White Papers from AFS

Cattle May Continue to Bounce

MORNING LIVESTOCK OUTLOOK

With current bear spreads now through April 2022, the market is setting up for continues sideways trading.  For an extended rally, US exports must increase because even if the US cattle herd shrinks the global herd is expanding along with hogs, poultry and fish farming.  Cattle may continue to bounce and drop on the futures with slight peaks and valleys on the cash markets.

CME Lean Hog Index is $94.04.  October futures settled on Tuesday at $84.37.  Cash negotiated hogs on Tuesday had a weighted average of $78.34. The outlook is down.

click here for full report

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 Archer Financial Services

Get Started

Contact Us Today