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Trade Volume Very Light For Livestock


Higher prices for feeder cattle and the availability of feeder cattle may play right into what the packer wants, heavier cattle. Interests increasing along with fewer feeder cattle are going to add to costs of feedlots.  Wednesday, trade volume in cattle was very light. From lows to highs of the day, there wasn’t even a $1.00 range.

Packers are buying as many hogs as possible that are market ready.  Weights on formula and carcass purchased hogs have been coming down and feedlots that sell on the open market are moving hogs as soon as they are ready capturing the better prices as they move up.  Volume was light on Lean hogs Wednesday. Traders narrowing spreads pulling up October to be closer to August.

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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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