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Light to Moderate Livestock Trade

MORNING LIVESTOCK FUTURES OUTLOOK

LIVE CATTLE

Live Cattle futures trade volume was light Tuesday.  Live Cattle widened bear spreads. Since November 2nd  Live Cattle have had a steep drop.  In November spreads have tightened bear spreads but remain bear spread. The bearishness comes from the beef market that has been moving down and packers have negative margins.

 

LEAN HOGS

Trade volume was moderate Tuesday with Lean Hogs from February on out bear spreading.  December 2023 Lean Hogs settled at $68.17 on December 21st.  The CME Lean Hog Index is at $74.52 and $6.35 over December 2023 futures. Packers are in the black. Weights are increasing.   Cash negotiated hogs, carcass and formula priced hogs all have been trending lower.

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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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