Written Commentary
LIVESTOCK AM OUTLOOK
The On Feed and Marketing numbers of this report likely won’t do much to move prices.
Solid demand for beef. The Choice/Select spread is widening out and primal cuts, chucks and rounds, are big part of why beef is moving. Packers now have a light end of product to meet needs of the household buyer and heavier cattle for institutions, restaurants and exports.
Kill is down. Pork demand is strong and there are fewer and lighter hogs. It is not bearish. On top of it loins and hams are cheap when compared to mid-priced primals.
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.
