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Boxed Beef Moves Higher

MORNING LIVESTOCK OUTLOOK

Nice move up on boxed beef.  Meat purveyors and wholesalers buying for November and December holidays with big price movement over past few days for rib primal sections, both Choice and Select, and Choice loin primal sections.

spotted cows

Big move up continues on hog futures.  December hogs went up to where they broke down on September 22nd.  Hogs have been bull spreading today they bear spread.

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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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