Written Commentary
MORNING LIVESTOCK OUTLOOK
Retail beef demand, lead by the highest priced cuts, looks strong into the holidays. Consumers may be concerned about inflation and/or recession into 2023 but the price increase of boxed beef is showing a different story for the near term.
Unless packers revise slaughter down from Monday at 494,000 hogs, Monday’s kill was the largest one day slaughter back to early 2020 before Covid hit packing plant employees slowing slaughter followed by hog and sow liquidation march through June 2020.
Learn more about Chris Lehner here
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.
