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Livestock AM Outlook

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Daily Livestock Outlook

Beef movement has been getting lighter. This is positive. Beef buyers may be building supplies ahead of possible slow down.

Boxed Beef starting out higher Monday but on light movement of 110 loads.  Futures down throughout the day but gave up most of the loss into the close. Volume fairly light.

Brazil and Argentina have plants that China has stopped taking exports.  Both countries will need to sell beef and pork to other countries. But exporters may be coming to US  Last week beef exports stronger than usual.

Moderate movement on pork on lower market with both loins and hams down. Butts up 23 cents and bellies up 3.26 higher kept carcass from dropping more but two main cuts, hams and loins down after recent move higher need to hold or pork and hogs going lower.

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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