Written Commentary
Livestock AM Outlook
Compared to last week, Steers and Heifers sold 1.00 to 5.00 lower. The CME Cattle again this week, was weaker and has been pulling the cash prices for Feeders and Fed Cattle lower, with the most drawback on the front month contracts.
Pork cutout gained 91.17 over last weeks close. Big gains on hams up 35.66 Loins up 16 cents. As long as hams keep gaining, it is positive. Pork is a cheap protein and with cheap US Dollar it has been a bargain buy for exporters. Need to watch U.S. Dollar however. Has possibly bottomed but low last week could slow strong exports from last week. It is September and specs moving market with spreads.
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.
