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Demand is For Cheaper Beef



Monday’s trading was expected.  April 2024 Live Cattle traded the cash market.  At this time it is normal to have futures $2.00 to $3.00 above the cash market. Beef prices have been steadily falling and demand is for cheaper beef.  For week ending April 19, 2024 cattle slaughter increased over the previous week by 17,000 head.


cows eating grass



The pork market can’t lose the ham trade for exports.  The spring and summer are not a time in the US when hams sell.  Butts, picnics, and ribs are  popular restaurant items and are exported products but don’t move markets like hams and loins.  Loins run into resistance when around $100.

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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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