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Traders Focus on Cattle Slaughter This Week

MORNING LIVESTOCK OUTLOOK

Boxed beef prices are increasing on considerably lighter slaughter.  This week traders will be focusing on slaughter and if lower slaughter is backing up cattle. Also this week trade will be waiting to see what exports do.

Cattle on Feed report is on Friday.

The pork carcass 5 day average up $1.25 for the week. Pork movement on daily sales was light. Packers didn’t try to push hogs onto Saturday’s kill.  COVID maybe a reason slaughter and pork movement are down but regardless a smaller kill is helping to keep pork prices up.

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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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