MORNING LIVESTOCK OUTLOOK
The Dog Days of Summer for beef buying begins after the July 4th break and goes through mid to late August. Also, consumers will be “price shopping” comparing price of all proteins during the summer and price will be an important decision maker. Packers will need to be more competitive to move beef in the US and globally. With China backing off pork and beef purchases, Brazil will fight to keep pork and beef exports along with all exports flowing out of Brazil.
Trade volume increased Tuesday with buyers putting July lean hogs over the latest price of the CME Lean Hog Index and august moving higher. The recent hogs and pigs report is looking for a 1% decrease in hogs. But how long can packers continue to kill hogs with negative profit margins is the question.
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.