Written Commentary
LIVESTOCK AM OUTLOOK
One of the lightest trading days on futures of the year. Traders know the COF report was friendly, they see cash beef market improve in the present, but with large premiums already built into the futures market, they want to see some sort of positive activity in market to keep premiums in the futures.
Good exports. Mexico a large buyer with light sales to other countries like Japan. China was out of the picture. From now China may buy US pork but only on special occasions probably around their 2 major year holidays.
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.
