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CoF Should Show More Cattle on Feed

AFTERNOON LIVESTOCK OUTLOOK

The Cattle on Feed Report could and should start to show more cattle on feed if previous reports about placements were correct. This week look for packers to be picky on how they buy cattle. More cattle are expected to be available moving into the end of June and throughout the summer.

Pork exporters this week want to see a big buy again from Mexico. The peso has moved  well off the lows it made on June 15th.

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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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