China Pork Buying Erratic
LIVESTOCK AM OUTLOOK
The milder than normal winter aren’t setting cattle back, but weights are heavier than average because Midwest feedlots are keeping cattle too long. They aren’t replacing them so they keep them longer and are hoping cattle will move higher.
Chinese New Year is the first week of February. Compared to a year ago their pork buying has been erratic and less compared to strong steady buying a year ago. Unless something changes in the building of their hog herd, don’t expect to see the big purchases of 2020.
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.