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Cold Weather Could Hurt Short-Term Demand

LIVESTOCK AM OUTLOOK

From Minnesota to Texas temperatures will keep cattle from gaining pounds and feedlots might decide to hold off. Big packer profits will have packers wanting cattle.  Weights are still running heavy in the Midwest. Wednesday cattle in Iowa sold averaging 1550 to 1565 pounds and Nebraska cattle averaged 1500 pounds and 917.9 pounds dressed.

Hams, bellies and picnics up Wednesday.  Look for strong exports Thursday. When it all boils down, these cuts are cheap.

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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