Explore Special Offers & White Papers from ADMIS

Livestock Market Outlook


Using the daily boxed beef cutout or the pork carcass cutout as criteria for pricing cattle or hogs is not what it used to be.  Primarily because daily movement is such a small sample of beef or pork sold. Over the past 5 days  the average boxed beef movement was 117 loads. At 40,000 pounds per load, that’s 4,680,000 pounds of beef.  Using a  slaughter of just 117,000 cattle per day with last week’s steer and carcass average of 878 pounds, it is about 102,726,000 pounds. Somewhere there is 98,046,000 pounds of beef or 95.5 percent.


With big Saturday slaughter and packers pushing as many hogs through the plant as they can at this time, hogs are current. Weights have been dropping and when packers are making about $65/head it is easy to see why they are pushing hogs to kill.  By the end of this week the year to date slaughter is going to be 1% above a year ago and that’s with packers down or slowed March through April.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started