Written Commentary
LIVESTOCK AM OUTLOOK
Cattle futures were down Thursday with packers taking $1 to $2 off cash this week. There is not much new to say about the beef market. Day after day Boxed Beef keeps getting whittled away at and this week packers started whittling away at the cash cattle market.
With China having large investors in Ukraine pork production and the packing industry, it could be possible China will increase purchases of US pork. But their numbers are growing and they let Russia know they will buy commodities from Russia so it is possible, pork not able to move out of Ukraine will be moved from Russia to China. Also look for increasing pork sales from Brazil to China in 2022.
Learn more about Chris Lehner here
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.
