Written Commentary
MORNING LIVESTOCK REPORT
Beef exports are good but still below average. Net sales were 19,500 metric tons. Japan was largest buyer taking 8,600 metric tons followed by South Korea with 7,300 metric tons with Canada taking 1,000 metric tons. China actually didn’t take anything and backed out of 300 metric tons.
After two previous weeks of solid pork export net sales, last week at 18,100 metric tons was disappointing. Mexico took over half of the pork with Japan the second largest buyer only taking 2000 metric tons. China isn’t even in the group.
Learn more about broker Chris Lehner
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.
