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The Pork Market Dropping

MORNING LIVESTOCK FUTURES OUTLOOK

LEAN HOGS

The pork market dropping and the increasing hog slaughter pushed hogs lower Tuesday. The two top primal cuts loins and hams continue to drop.  Besides for expectations for lower farrowings, there wasn’t anything in the report to move hogs up.

feeding piglets

Hungry little pigs in pigsty.

LIVE CATTLE

Volume was moderate Tuesday. The spreaders are bull spreading through the summer. Boxed beef is  moving higher. There are fewer cattle and weights are down. Simple economics of supply and demand is moving beef higher.

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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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