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Light Volume in Hogs


Boxed beef continued to drop on Thursday with Choice primal loin sections off $8.98. Primal chucks and round sections broke hard during May but have since bounced around current lows


Hog trade volume Thursday was very light. More than likely profit taking on July and August hogs had market move up during the day and spreaders anticipation fewer hogs December in 2021 with fewer sows bread.

After 27 straight days of the CME Pork Index falling a total of $52.05, the index was up 38 cents as of June 24th. When compared to beef, pork is cheap but U.S consumers have never used ground pork as they do ground beef or even ground poultry.  Net sales at 24,100 metric tonnes is lower than it needs to be if pork is to move higher.

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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