Explore Special Offers & White Papers from AFS

Demand Could Take A Hit

LIVESTOCK AM OUTLOOK

Cattle are being held off kill due to problems with moving cattle, plants working at slower line speeds and problems with getting meat out the back doors to retailers, but they will be coming to kill and could see strong beef prices for a bit and steady to lower cattle prices when movement out of feedlots want to get cattle to kill.

Early sales Wednesday had bellies up $18.07 but by the afternoon bellies were only 31 cents higher. Hams were down 31 cents by the afternoon and loins were down 1.99. Cutout went from .41 higher in the morning to down 54 cents by the afternoon. Sales were just 277.56 loads.  Movement is light some due to weather but demand has been solid for most of 2021 with retailers contracting pork months ahead of most deliveries taking place at this time.

click here for full report

 

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Chris Lehner Today