Higher Cattle Futures Expected on Follow-Through Buying
Live and feeder contracts should start out moderately higher thanks to
spillover bullishness and technical buying. Lean hog futures are likely to open
softer as traders consider the March 1 H&P report unveiled on Thursday as well
as the discount of the cash index.
By John Harrington
DTN Livestock Analyst
Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $133.18 – 0.06*
Hogs: Cash Steady-0.50 HR Futures: 10-30 LR Lean Equiv $ 84.63 + 0.07**
* 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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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.
