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Packer Slaughter is Higher


Cattle industry needs to promote some of the positive aspects and stop some of the gloom and doom. Beef prices are not higher from a year ago unlike gas, the move in beef prices began during the COVID outbreak and have been slowly coming down.  For cattle producers, the average price a year ago for steers was $123.07.  Feed prices are far off the highs back in May and below the rally when the Russian/Ukraine war began. Packer slaughter is higher meaning consumers are buying beef or it is being stored, but regardless, packers are killing a lot of cattle.

Daily pork is improving in prices because there is a limited amount of pork for sale after contracts are filled. Packers want to kill more hogs but due to pork that is needed to fill previously contracted pork orders, they need hogs where primal cuts  or carcasses meet the specific contracts weights and quality buyers expect.  There is no grade on pork, but buyers do have specifications from fat to lean and weight of specific cuts.

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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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