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LC May Benefit From Higher Dow



News that stocks were making new highs Wednesday happened after cattle closed. Thursday futures could start out benefiting from the news. However, early cash cattle prices for the weak are starting out lower and packers are definitely discounting cattle for light weights and grade. Trade volume was light Wednesday for LC.

cows with an oil rig


The CME Lean Hog Index prices dropping and the CME Pork Index moving up is good news for packers. Packers have slowed slaughter offering less pork that they need to sell on the cash pork market. Tuesday, December 13th  December Lean Hog futures settled at $67.92.  The CME Lean Hog Index was $67.70.

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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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