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Moderate Volume For Lean Hogs

LIVESTOCK AM OUTLOOK

Boxed beef prices have been rapidly going down. As I pointed out in an early report, if it wasn’t for Choice primal rib sections, the Choice cumulative boxed beef price would be much lower and the wide spread between Choice and Select boxed beef would be much narrower.

Lean Hog futures had the bounce that was going to happen any time. However, volume was just moderate.  Most funds are out of October and funds are now spreading December 2021 into 2022 contracts.   October Lean Hogs are now within 9.88 of the CME Lean hog Index with close to a month before October Lean Hogs expire. The CME Index has been dropped as the October rallied on Thursday.

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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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