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Boxed Beef

Livestock AM Outlook

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Tuesday early boxed beef sales higher with strength from middle meats the primal Chucks, Rounds, Briskets and Flanks.

Live cattle futures are out of a spot month. Specs take over “anticipating” October prices.

Taiwan is dropping age restrictions on cattle and allowing ractopamine in pork. Both are positive to US meat and could allow more competition with Brazil’s exports to Taiwan.

Pork movement moderately good movement with 413 loads on Tuesday compared to total movement on Monday at 310. 95 loads. Loins were up 6.54 in the morning and ended up strong gaining 6.19. Total cutout gained 1.92. Hams put on 2.93 with picnics keeping trade from being up harder falling 6.56. Bellies up fractionally up 33 cents. Butts up 6 cents and ribs remaining strong up 1.61down 8.16 held market in check.

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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