Cattle Futures Likely to Open Lower Thanks to On Feed News
Look for live and feeder contracts to start out moderately lower this morning, pressured by Friday’s confirmation of larger than expected April placement activity. On the other hand, lean hog futures seem ready to open on a mixed basis thanks to a combination of residual selling interest and positive fundamentals.By John Harrington DTN Livestock Analyst
Cattle: Steady-$1 LR Futures: 25-50 LR Live Equiv $141.62 – .07* Hogs: Cash Steady-.50 LR Futures: mixed Lean Equiv $100.49 + .08** * 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-16
The risk of trading futures and options can be substantial. Trading foreign exchange carries a high degree of risk, and may not be suitable for all investors. All information, publications, and reports, including this specific material, used and distributed by Sweet Futures 1, LLC shall be construed as a solicitation. Sweet Futures 1 does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71. This website contains information obtained from sources believed to be reliable, but its accuracy is not guaranteed by Sweet Futures 1. Past performance is not necessarily indicative of future results.
