Meat Futures Geared to Open Moderately Higher
Look for cattle contracts to open in the black, moderately supported by residual buying interest and hopes for improving seasonal demand. Lean hog futures should also start on a firm basis thanks to further growth in the pork carcass value.By John Harrington DTN Livestock Analyst
Cattle: Cash Steady Futures: 10-30 HR Live Equiv $133.01 + 0.24* Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 93.52 + 0.97** * 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-8/
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.
