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Pork Prices Are Dropping


Cash cattle trade is stalled so far this week. Feedlots are wanting $140.00 in the Southwest and asking $145.00 to $150.00 in the Midwest. Beef prices dropping may change asking prices Wednesday.

Pork prices are dropping. The 5-day average carcass price is down to 124.96.  Packers need all the hogs that fill the needs of their previously contracted orders but when orders are filled, they aren’t going to buy any extra if they are losing money especially as weights are dropping.

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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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