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Kansas Feedlots

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If packers can buy enough cattle this week, look for them to try to kill 650,000. Last week Kansas feedlots were the reason the spread narrowed between Southwest and Midwest cattle and why prices were up. They should hold out for higher prices this week around $2.00 higher, but there have been several times over the past couple of years, Kansas feedlots jump the gun and sell early. They are the key at the present time if prices are to narrow between regions.

There is concern countries will be shutting down when COVID 19 and flu  hit.  Wholesalers learned if they have supplies on hand, they can take advantage when supplies run short.

Strength in hams and bellies moving pork carcass early Monday up $2.61. However, final prices changed in hams which has become par for the course and the cutout ended up down 38 cents. The pork cutout is improving. Over the past 5 days the pork cutout is up $1.34.

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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