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Light Volume in Feb Cattle

LIVESTOCK AM OUTLOOK

Live Cattle futures are being spread.  For 75% of Wednesday’s trade, February cattle and hog volume were almost identical. Volume is light.

Kills for both cattle and hogs are slipping lower.  From North Dakota to Texas these states have some of the biggest outbreaks of COVID 19.

Hams are below 5 day moving average and broke $80. Loins and hams are nearing the same price. Both are bargain basement cheap.

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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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