Beef Production Up
LIVESTOCK AM OUTLOOK
The Fed Cattle Exchange has 1444 head for Internet sale on Wednesday. Since they are bought at the feedlot, and moved from 1-9 days to 1- 17 days, weather shouldn’t make a difference on how they are bought. Demand, good or bad, will reflect buyer’s needs.
Pork carcass off $1.55 with Picnics, hams and bellies all lower. Loins up 46 cents. However, the 5 day average was up 87 cents. US Dollar is cheap and exports should be consistent.
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.