Pork Demand Firm
Low volume moves higher or lower are concerning and more so when speculative spreading is the major market mover. Beef is moving but it also is moving on light sales. Thursday total movement of boxed beef was only 127 loads.
African Swine Fever in China due to counterfeit vaccinations for ASF. They have isolated herd are where hogs found.
Mexico is large buyer of pork. Looks like they are back after break during holidays. China purchase more than likely taking most of variety meats and offal. Canada should be a good buyer in 2021.
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.