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Beef Prices Dropping


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Cattle opened down Monday on the news of the JBS fire, but buyers quickly surfaced with Live Cattle lower on the day with continued selling that began last week.  December is still $4.87 over October. Spreads from December into 2022 are at premiums to cash and October futures with beef prices dropping.

Hog and Pork prices are dropping while slaughter is going down and weights are going up.  The spread is wide for the October/December spread but from December into forward months are narrowing. Most specs are moving out of October.

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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