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Lean Hog Trading Was Active

MORNING LIVESTOCK OUTLOOK

Lean Hog trading on Monday was active. April 2023 Lean Hogs at $82.72, the lowest close since December 27, 2021. Speculators were spreading, selling April Hogs and buying outer months along with buying cattle and selling hogs. The April Lean Hog/June Lean Hog closed at minus 17.82, a tick off the widest the spread has been.

feeding piglets

Hungry little pigs in pigsty.

Trading on Monday was moderate with Live Cattle making new contract high closes.  Choice boxed beef was up $1.83 and Select was up $2.11, narrowing the Choice to Select beef spread.  Choice was up with primal loins gaining $6.80.  There was also big movement of ground beef.

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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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