Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
December 2023 Lean Hogs settled at $71.05 on December 15th. The CME Lean Hog Index is at $76.13 and $5.08 over December 2023 futures. It was a typical day of rolling on Wednesday as most trade volume was on December 2023 Lean Hogs that traded slightly lower than February. Volume from April on out was light.
LIVE CATTLE
Wednesday was a very light trading day and likely it was shorts taking profits and a few buy stops that were hit. Funds are finishing rolling. Now the largest speculative traders are in February. April 2024 Live Cattle has the second most open interest.
>>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.
