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Feeder Cattle Lower in Light Trading


Live Cattle futures were lower Tuesday.  Traders were disappointed that prices last week weren’t as high as expected and ended averaging close to a dollar lower for cash steers.

Holsteins in foggy field

Feeder Cattle were lower on Tuesday as spec traders were bear spreading March feeders on out and with light volume trading, feeder cattle futures easily can become exaggerated.

Hams need to be watched. If hams move up, it is possible that Mexican buyers took advantage of the cheap hams and could come back strong into the US pork export market.  If they remain low, it likely could be Mexico is buying less from the U.S.

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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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