Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle futures ended the day on Friday mixed to near unchanged. February closed up on stronger cash news. April was just slightly higher with traders expecting fewer cattle and strong beef demand for spring. Volume was light.
LEAN HOGS
The CME Lean Hog Index to the CME Pork Index and has been narrowing but still shows a positive packer margin. February 2024 Lean Hogs are 32 cents under the CME Lean Hog Index. April settled $7.47 over February. June is $13.85 over April.
>>Read full report here
Interested in more futures markets? Explore our Market Dashboards here
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.
