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CME Livestock Daily Options Report

By: PJ Quaid, Senior VP, Agricultural Commodities

livestock options recap 
 

Canada and China—both of which run large trade surpluses with the United States—are moving to deepen bilateral energy and investment ties as Canada looks to reduce its dependence on the U.S. market. The two countries expanding cooperation on oil, gas, nuclear, clean technology, and agriculture, with Canada actively courting Chinese capital and export demand. The timing underscores how U.S. tariffs and trade pressure are pushing surplus countries to diversify away from the U.S. and accelerate alternative trade relationships, turning policy friction with Washington into a catalyst for new cross-border deals elsewhere.

 

Pilgrim’s Pride Corp. announced it will invest $1.3 billion in Mexico through 2030 to expand its poultry operations, increasing production capacity by about 38% and helping Mexico reduce chicken imports by roughly 35%. The investment will be spread across several states, with the largest portion going to Veracruz and Yucatán, followed by Durango and Coahuila, and additional spending in Querétaro, San Luis Potosí, and Hidalgo. Company executives and Mexican officials said the move underscores strong foreign investment momentum in Mexico and reflects Pilgrim’s long-term commitment to building out local production and supply chains.

 

 

Hogs

Bought  800 Feb 92 calls paid .10

Bought 150 oct 86/78 put spread vs selling oct 94 call collecting .200

Bought 100 aug 104/96 put spreads 2.600

Bought 1000 april 100 calls 1.150 to 1.400 

Bought 1500 feb 82/74 put spreads paying .150

Sold 700 Feb 83/89 strangle @ .675 On a Block

Sold 500 April 90 puts @ 2.0 down to 1.95

Bought 800 Feb 80/74 put spreads paid .10

Bought 250 Feb 86 calls paid 1.575 up to 1.60

Bought 125 April 84/74 put spread paid .525

Sold 250 June 94 puts @ 1.15 covered 106.00

Bought 1500 Feb 82/74 put spread paid .15

Bought 300 April 94/98 call spread paid 1.85 covered 94.80

Sold 100 April 100 calls @ 1.475 down to 1.40

Sold 350 July 110/114 call spreads @ 1.40 down to 1.375

Bought 400 April 100 calls paid 1.15 up to 1.20

Bought 700 June 70 puts paid .10

Bought 250 Feb 88 puts paid 2.425

Bought 350 July 106 puts paid 5.00 up to 5.25

Bought 550 Feb  89/81 put spread paid 3.05 covered 86.075

Sold 500 July 100 puts @ 2.750 down to 2.65

 

Live Cattle 

Bought 400 Feb 225/219 put spread paid .30

Sold 250 Feb 238 calls 2.20 down to 2.05

Sold 200 June 260 calls @ 1.1750

Sold 400 April 238 puts @ 6.50 down to 6.40

Bought 350 April 237 paid 5.950

Bought 200 April 246 calls paid 3.025 up to 3.10

Bought 200 April 220 puts paid 1.60

 

Feeder cattle 

Sold 1200 march 320/290 put spreads at .925 to .875

 

Cash settled cheese

B 200 h 1.55 c vs s 1.45 p even 

B 150 g 1.50 c vs s 1.40 p even

 

sources
news bloomberg
options data globex
charts bloomberg

 

 

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