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Going to be a Quiet Week



It appeared late last week and Monday that boxed beef was turning up. However, Tuesday afternoon Choice boxed beef, Rib, Chucks, Loins and Short plates lost their early gains. Trade volume was light for Live Cattle futures. August Live Cattle the contract with the most open interest had 16.956 GLOBEX contracts traded. This week is going to be a quiet week. With a 3 day weekend ahead and then a start of a new month next week which will also be a short kill week. Packers aren’t going to be aggressive buyers.

Cows in a pasture


Lean Hogs made new contract lows early Tuesday but reversed off lows with June and July remaining on new contract low closes but August, October and December slight above Monday’s close. June, July and August all broke through $80.00.

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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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