Written Commentary
MORNING LIVESTOCK OUTLOOK
Trading in cattle futures was moderate Tuesday. Traders were a bit disappointed that placements were above expectations and just as importantly, many traders are sidelined waiting to come back into the market after the first of the year. Beef prices will steady out into 2023 after the holidays and on a steady kill schedule.
As expected Lean Hog futures Tuesday were bull spreading Feb/April and barely trading hogs from June on out. Reports indicate traders were surprised to have farrowing intentions steady to up from a year ago.
Learn more about Chris Lehner here
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.
