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Hams Market

Livestock AM Outlook

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The ham market on morning pork cutout jumped $19.39 and was off by the afternoon but remained strong up 12.41.  Somebody has the ham market cornered. Buyers that need hams must pay the going price whether it sticks by the afternoon or not. Loins, bellies Picnics, Butts and ribs all lower by the afternoon. Loins are now below hams

US Dollar is cheap and look for continued export strength from Mexico.  If Mexico backs off buying US pork, hogs could be in for a lot of problems.   Mexico is the  buyer that the US pork industry must depend upon for constant and continued buying.

Feeder Cattle have settled back off highs of last week possibly due to rally in corn.  Demand will increase as more Feeders begin to show from mountain and high plains cattle. Feedlots in Midwest need Feeder Cattle.

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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