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Boxed Beef Turned Up Last 2 Days

MORNING LIVESTOCK OUTLOOK

Boxed beef has turned up the past 2 days.  The spread between Choice and Select beef is widening with Choice moving up more than Select. Prices are increasing for rib and loin sections as well as the middle and lower priced cuts.

Cow crossing highway

August Lean Hogs went off the board at 121.72 and settled at 121.71.  October Lean Hogs on Oct 12th  settled at $100.02.  The spread was 21.70.  The spread is wide but can get wider or narrow depending what spec traders want to do between now and Sept 29, 2022 when the next Hogs and Pigs report is released or until October Lean Hogs expire.

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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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