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Feb Hogs Have Dropped


Lean hogs resumed their down move Wed and continued Thurs.  February 2023 Hogs dropped to $76.40, the last major low made back on Oct 4, 2022 and the lowest closing price since Dec 7, 2021.

It isn’t unusually to see beef prices down in Jan and Feb and with the good demand for beef for the Dec holidays, the current down move in boxed beef is a common occurrence. During 2022 credit card usage was up, consumers spent more for presents and on top of the extra expenditures, heating and utility bills are higher and April tax season is ahead. With fewer cattle placed, unless there is a deep recession during the spring and summer, beef prices will improve.

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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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