Written Commentary
LIVESTOCK AM OUTLOOK
On the cash side packers are buying cattle this week $.00 to $2.00 as overfed cattle continue to plague the market.
The primal pork rib market has been holding its strength for a while. In the U.S., “Barbeque” restaurants quickly moved to take out when COVID hit but many customers before COVID 19 already used take out so the move to almost all take was easy. Another reason pork ribs held prices was when China dropped German pork.
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.
