Livestock Futures Hold Moderate Early Losses
Trade volume through the morning has remained extremely light. This has
limited any buyer interest developing in either the live cattle or lean hog
futures market. Late day cattle trade could focus on the afternoon cattle on
feed report released at 2 pm.
By Rick Kment
Livestock futures are trading lower in both the live cattle and lean hog
markets. Traders remain concerned about the ability to move additional product
through the spring. Trade volume remains extremely light, with most of the
business for the week already done earlier in the week. Corn futures are
trading lower at midday in light trade. May corn futures are holding 9 cent
losses at midday. Stock markets are higher in light trade. The Dow Jones is 66
points higher while Nasdaq is up 15 points.
The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance results. Opinions expressed herein are the opinions of the author only and not the opinion of any firm the author may be affiliated or associated with.