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China Buying Beef From Brazil


Beef net sales were 9,700MT.  Sales of this size do not help support the beef market. Biggest buyer was Japan taking 2,600MT.  China bought 1,100MT.  China has coolers filled and don’t expect to see buying from them like 2021 and they are back to buying beef from Brazil.

Thursday the pork carcass price on daily sales was up 10.05 and the higher pork prices brought Lean Hog futures  off the lows of earlier in the morning.  With a three day weekend coming up, concern hogs are backing up, and with April, the most actively traded contract, down from Monday’s over $3.50 , traders took profits.

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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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