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Cash Pork Higher Early

MORNING LIVESTOCK OUTLOOK

Boxed beef was higher on Monday but movement was light with a total of 90 loads. Live Cattle futures were higher through February 2023. For a day after a Cattle on Feed Report the volume was light to moderate.

Cash pork was higher early Monday with ribs, hams and bellies higher.  Loins were down a few pennies. Traders were likely trading the increase of pork over a year ago in cold storage, but there is no telling when owners will let it go.

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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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