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Cattle Settled on New Contract Highs



Live Cattle futures settled on new contract high closes on Friday. Packers pushed slaughter Monday through Thursday but backed off Friday and Saturday killing handful of cattle. Packers had full day kills early in the week and then slowed down Friday and Saturday.  Packers do not pay overtime on a daily kill but pay overtime when and if hours pass maximum hours per the total week.



Pork prices are up on light volume. Not once last week were total sales of pork cuts and trimmings went over 300 loads per day.  Exports have been moving pork and US retailers are showing pork specials for US consumers to compete with high beef prices and to compete with chicken.

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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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