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Choppy Trade Continues For Livestock

LIVESTOCK AM OUTLOOK

Weights remain too heavy and packers don’t want heavy cattle. Heavy cattle are keeping a lid on futures prices.

Brazil in 2020 exported to China compared to the U.S. close to 90 percent more beef and close to 40 percent more total beef in 2020.

Pork cutout improved from a week ago  with the 5 day average up $5.81. Loins were higher gaining $1.72, hams gained $7.49, bellies up $27.09 , ribs up $4.18, and buts were down $1.87 and picnics lost $5.81.  Hams and bellies higher could be Mexico back buying after the Christmas break.

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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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