Written Commentary
MORNING LIVESTOCK OUTLOOK
Last week beef export net sales were once again light. 14,300 MT is about half of what exports need to be. South Korea and Japan top buyers but what they bought were nominal amounts. China was actually lower than normal.
High corn prices are limiting the demand for feeder cattle. Midwest grain/cattle feeders are selling corn versus placing feeder cattle.
Pork daily sales are light. Traders will be waiting this week to see if exports are as strong this week as last week. Last week net sales of 49,1000 MT were strong with China buying more than they have been over the past several months.
click here for full report
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.
