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Mostly Fund Trading in Cattle


The turkey associations are warning  that smaller turkeys will be hard to find.  Apparently, there will be more group get togethers at Thanksgiving than a year ago, but the trend is still for less people getting together in one location compared to years before COVID.

Cattle futures trading on Wednesday was mostly funds rolling out of long December cattle.

Lean hogs gapped lower on the open, dropped to support and when no new sellers showed up, they moved back to overhead resistance.

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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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