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Live Cattle Futures Moved Up



With first notice day Monday, it was about time Live Cattle futures moved up to begin a converging with cash prices.  June Cattle gained $1.75 and settled at $183.92 about $1.00 lower than cattle in the southwest last week and $6.00 below cattle in the Midwest. Beef prices continue to gain on morning sales but movement was very light with just 23 loads of choice and 9 loads of select.


grazing cattle



The CME Lean Hog Index to the Pork Index is at $9.07.  Packers continue to show positive margins, but the difference needs to be watched.  Summer is usually a time of the year when pork sales slow,  further narrowing to the $8.50 or below would negative for a packers. It would also be negative for producers. Packers would slow kill or cut back on prices paid for hogs.  Weights are increasing indicating packers have begun to slow kill.


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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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