Wednesday, April 10, 2013

DTN Morning Comments on Livestock

Cattle Paper to Open Lower as Traders Position Ahead of Cash News

   Live and feeder futures should open moderately lower, checked by uncertain cash prospects and lackluster beef demand. Lean hog contracts are likely to firm in the early rounds thanks to stronger cash and product prices.
By John Harrington DTN Livestock Analyst
Cattle: Cash Steady-$1 LR Futures: 10-30 LR Live Equiv $133.95  +0.40* Hogs:  Cash Steady-0.50 HR    Futures: 10-30 HR  Lean Equiv $ 88.60 +0.89**
* based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue

Read More
http://sweetfutures.com/2013/dtn-morning-comments-on-livestock-3/ 


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.