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Near Term Cattle Prices Pressured


Near term cattle prices are being pressured by the falling beef market.  Traders have already been friendly to spring and summer cattle because they were buying April and selling June on bulls spreads.  Since Algo traders spread multiple legs, bull spreading will become more evident into April and June through fall and into 2024.

Cows in a pasture

Hogs closed slightly lower Monday on light volume.  Technically, not much happened with closing prices moving up to the highs of Friday but ending the day remaining below the 5 day average. Spreads remain wide with April/June $16.90 below June.  February Lean Hogs with about 3 weeks to go before expiration are $4.92 above the CME Lean Hog Index.

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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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