Livestock Futures Volume Extremely Light
MORNING LIVESTOCK OUTLOOK
Boxed beef came off morning highs with drop on Rounds, Chucks and Flanks. Gains on Rib sections and Loins is positive. Cattle traders are waiting for cash cattle prices.
Tuesday futures volume was extremely light. Currently the carcass support is at the retail level with expensive bacon that cost more than pork chops, pork roasts or hams and barbeque restaurants and home smokers are buying butts. Butts are priced higher than loins and hams is unusual.
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.