Cattle Prices Fall Lower
LIVESTOCK MORNING OUTLOOK
Boxed beef falling on 228 loads with 132 loads of Choice beef down 6.76. With 228 loads the largest movement over past 8 days, it looks as though packers are not only selling beef lower but dumping it.
Ham and loins both down on Wednesday with loins breaking $70 and hams below $90. At this time of year it isn’t positive. If it wasn’t for Mexico hams and bellies would be much lower. Cheap dollar is benefit for Mexico.
2020 year to date hog slaughter is close to 1% above 2019.
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.