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Stronger Cash Cattle Market



With a stronger cash cattle market, there are traders expecting Live Cattle futures to go up, but with fast falling boxed beef prices, there are traders selling futures.  At the same time, there is uncertainty with traders not knowing what way to turn because the nearest futures is February 2024 Live Cattle and there is a lot that can happen to move futures higher or lower.


Feeder prices will be an indicator of how much beef is contracted. Contract feeders and packers for their own lots are the strength or possible weakness ahead. If beef contracts go down, these feedlots will back off buying.

Grazing Cattle


Regardless of what the pork market is doing by itself, the positive move on Lean Hog futures are traders seeing the difference between hog and pork prices. With the Hog Index $18.29 under the Pork Cutout Index, packers want to kill hogs. When cash hog prices are going down and pork prices are moving up, it is a bonus for the packers.  The positive difference is what packers want.  Packers also have done a very good job of keep a tight chain schedule.

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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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