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No Surprises With On Feed Numbers

MORNING LIVESTOCK OUTLOOK

There are no surprises with the On Feed and Marketed numbers.  Traders may be disappointed with Placements down just 2 percent, a 3% difference than the average trade guess.

Report should be friendly for the front month into August and early September.  Heavy cattle placements of the 900 -999 and 1000 pound plus weren’t large and this the time when bigger numbers have been expected.

Packers are paying whatever it takes to buy cash hogs. Cash pork market was stronger over the week.  The 5 day pork carcass average gained as of Friday morning $6.15. Loins, hams and bellies were the big gainers.

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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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