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Pork Values Drop


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Packer in Nebraska paid up to 124.00 Monday.  The rest of the country was quiet.  Feedlots asking up to 124.00.  Kill will be lighter this week.  Over the next couple of weeks price will depend on how bad packers want cattle.  Beef prices are slipping.  Father Day buying is essential  over. Next holiday is July 4th normally a hamburger holiday.

Weights are dropping and slaughter levels are dropping. Last Friday’s and Saturday’s combined two slaughter day weights averaged 210.99 pounds.  With hog inventory build-up in China, they won’t need to buy pork as they once did because of fewer farrowings in the winter. China is going to have like the US, round the year productions versus times when pork supplies dropped in the summer.

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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