Wednesday, April 17, 2013

DTN Morning Comments on Livestock

Cattle Pits to Open Moderately Higher

The cattle complex should start out on a firm basis, supported by short-covering and last week’s premium feedlot sales. On the other hand, the lean hog pit seems geared to open mixed thanks to follow-through buying and the large discount of the cash index.
By John Harrington DTN Livestock Analyst
Cattle: Cash Steady Futures 10-30 HR Live Equiv $132.81 + .19* Hogs: Cash Steady-.50 HR Futures Mixed Lean Equiv $90.05 + .31** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue


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http://sweetfutures.com/2013/dtn-morning-comments-on-livestock-4/

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.