Lower Livestock Outlook
We seem to be killing more than enough cattle now, much heavier cattle and the amount of beef coming out of the packers is so much, boxed beef has been steadily falling. 252 loads of beef were moved on Thursday on a down market with Top Primal Cuts, Rib Sections and Loins down the most.
Individual pork cuts are volatile but if you notice, the 5 day average on the pork cut hasn’t been changing much. Why. Processors are taking the entire carcass. At this time consumers are buying big pork chops or 16 to 20 pound smoked hams. They are buying what they can afford and what stretches their dollar.
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.