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DTN Early Word Livestock Comments 01/17 06:25
More Cash Cattle Trade Expected Friday
The livestock complex took a breather Thursday, even though the news and
fundamentals were not bearish. Cattle futures are at lofty levels at which
traders may not be willing to add to their long positions and would rather
pocket some money. Hogs were weaker in most contracts but without conviction.
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Examples given are strictly hypothetical. The information and opinions expressed, do not constitute a solicitation to market commodities or buy or sell futures or options on futures. Trading and/or marketing decisions, any gains or losses thereof, are the sole responsibility of the commodity owner, producer, and or account holder. Market Wise Ag. Services, LLC, its principals,employees assume no liability for use of information contained herein. Reproduction without authorization is forbidden. |
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