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Beef Prices Higher

Livestock AM Futures Outlook

Beef prices Wednesday gained with strength in Choice Primal Ribs, Loins, Chucks, and Briskets.  Rounds just off 12 cents.  Select rounds higher than Choice rounds.  Fairly decent movement especially on Choice beef.

Hams driving pork cutout. Likely Mexican business.  There seem to be enough hogs especially packer formula and grid hogs.  With poor exports look for down move on futures also traders buying cattle and selling hogs.

Basing hog prices on pork movement on daily prices has become a lesson in futility.  It is better to base pork price movement on what changes take place from one week to the next.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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