Explore Special Offers & White Papers from AFS

Beef Prices up on Demand

LIVESTOCK MORNING OUTLOOK

With a kill of 122,000 beef prices are going up on demand. Current demand is a squeeze play of who has beef and who needs beef, primarily Choice rib sections, to fill previously contract sales. Choice primal rib sections in a month are up $125.37.

Packers are shoving hogs through the line and before long could be back to 500,000 head per day.  The CME Hog and Pork Index have been losing day after day. Into 2021 as global hog numbers increase, US hogs are vulnerable if exports drop.

Click here for full report

 

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today