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Tightening Supply in Cattle


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The COF report was friendly but not what you call bullish because Live Cattle had big premiums pre-report.

A downturn in weights and downturn in grading percent indicates cattle are being sold early and are current, and in Southwest they are too current.  Look for packers to continue to pay premiums for high Choice heavier cattle and discount low choice and Select cattle.

The 5-day pork carcass is not racing higher but leisurely moving higher. The same can be said for the cash hog market and the CME Pork Cutout.  With the pork cutout gaining faster than hogs, packers are back to working in the black.

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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