Written Commentary
MORNING LIVESTOCK OUTLOOK
Trade volume increased on Live Cattle Wednesday. Boxed Beef continues to move higher. Beef export at 16,600 MT South Korea took 7,100, Japan next biggest buyer at 3,600 China took 2000 MT. Last week exports were only 13,200 MT and Japan the largest buyer took just 5,300 MT followed by South Korea with only 2,900 MT. China cancelled and didn’t take any beef.
Very good pork exports at 40,800 mt Mexico at 14,800 mt, Japan 11,000 mt, Australia 3,500 mt, Canada at 3,100 mt, China at 3,000mt last week net exports were 29,900 mt. Exports should help lean hog futures.
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.
