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Lean Hogs Down For Seventh Day

MORNING LIVESTOCK OUTLOOK

Lean Hog futures closed down Friday for the 7th day.  From the contract high made on December 27th , February 2022 Lean Hogs dropped from $91.60  high to $80.12.  Bear spreading continues to dominate the trade.

Pigs in dirt field

Packers paid slightly higher this week for cash cattle but so far they have bought limited numbers. Feeder Cattle bounced around through the week but held together.

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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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