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Live Cattle Futures Being Pushed

MORNING LIVESTOCK OUTLOOK

Live Cattle are being pushed and pulled by traders. Traders ignored the improving beef exports and are trading the negative boxed beef down trend.

cows butting heads

On January 27, 2022 year to date slaughter was 10,102,000 head compared to 2023 at 9,885,000 head.     A year ago the 5 day pork carcass was $94.94 compared to now at $79.76, loins were $97.53 compared to now at $82.12.  Hams in 2022 were $72.11 compared to now at $76.51, Bellies were much better at $156.02 and now at $92.13.  Ribs were also much better at $148.97 and no 117. 54  with Butts and Picnics not much different.

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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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