Written Commentary
MORNING LIVESTOCK OUTLOOK
There has been an increase in Live Cattle trading volume. Last Friday June Live Cattle volume was 36,110 contracts, Monday there were 44,771 contracts traded, Tuesday 39,243 contracts and so far on Wednesday GLOBEX volume was 41,111 contracts.
Beef net sale exports were 28,400 MT. A marketing year high and slightly better than were the average needs to be week after week but the increase comes after two weeks of below average sales at 14,600 MT last week and 11,400 MT the week before.
Pork carcass prices continue its steady slow move down. The 5 day average carcass prices is 103.01. A week ago it was 105.01. Wednesday loins broke below $100 to settle the day at 98.99 and hams were off 2.75 at 83.39.
Learn more about Chris Lehner here
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2021 ADM Investor Services International Limited.
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.
