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Cattle Lower, Hogs Higher

Livestock AM Outlook

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The demand might be for the last big beef grill out time Labor Day or because of smaller kill and packers need to fulfill previous contracted beef contracts. Whatever the case, demand has been moving up for cattle and beef.  Smaller kills in the Midwest and the North should keep demand strong at least through the next two weeks if it is Labor Day demand and if filling contracts, demand could stay strong into the fall.

Pork improved Thursday with hams and bellies leading market higher. Likely Mexico buying hams and fresh bellies. US Dollar is cheap and so are hams and bellies. It will be important to see if packers have big Saturday kill. If so, look for stronger hog market.

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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