Written Commentary
MORNING LIVESTOCK OUTLOOK
Beef exports at 15,200MT are not where they should be. China the largest buyer at 6,200MT followed by Japan with 3,200MT and South Korea taking just 1,200MT. No big buyers. Exports started out the year strong but have been backing off month after month.
Pork prices were higher Thursday with bellies up 16.93 which is going to change the daily cutout but loins were down 1 cent and hams up 1.59 do little for the cutout. The 5 day average carcass was down 39 cents.
Learn more about Chris Lehner here
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.
