Explore Special Offers & White Papers from AFS

A Big Hit in Pork Cutouts

MORNING LIVESTOCK OUTLOOK

Steer and heifer carcass last week dropped 3.3 pounds. For 3 weeks weights were up and this was the first week weights drop.  Grading percent improved to 80.3% but still remains low showing feedlots are moving cattle as soon as packers will take them or because packers need the cattle.  Slaughter has been dropping and because of high temperatures cattle haven’t been gaining what they should be.

piglets

The pork cutout took a big hit Tuesday. The daily pork carcass fell -12.53 on the largest movement in weeks. Bellies were down -48.59, loins down -2.32, hams down -11.07, picnics down -6.84 and butts off -4.46 with  ribs down 16 cents 42 cents.  The big drop in bellies  and the way loins have fallen over the past week, make it seem like loads were cancelled or rejected.

Read full report here

Learn more about Chris Lehner here

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 Archer Financial Services

Get Started

Contact Chris Lehner Today