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Cattle Futures Gap Lower

Livestock AM Outlook

Cattle futures gapped lower Monday morning with traders believing Cattle on Feed report was bearish due to high placements. However, it was no secret feeder cattle from mid-summer through August were being moved sooner than normal. Pastures were lacking any green vegetation and several areas in the Southwest and West were hot to burning.  It is very likely inventories for October and November will be lighter than normal and inventories will be down.

Pork cutout started out higher early Monday and like the low volume in the  futures market, the load movement was light. Bellies up $21.12 and hams up $9.52 were drivers to the upside. Loins were down $1.20.  Traders will be waiting until Thursday to see what pork exports are going to do.


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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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