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Live Cattle Market Up & Down



Live Cattle futures were a pogo stick Tuesday, up, down, up, down throughout the trading day. December Live Cattle had a $4.12 range to settle December up 27 cents. October was higher moving closer to cash with October 31st the last trading day. Boxed beef was higher Tuesday morning on light sales of 48 total loads with Choice on 24 loads up $1.21 with Choice Rib primals down over $22.00, Loins up $17.50.

cows in black and white

Pork fell Tuesday morning and the CME Pork Index to the CME Lean Hog Index narrowed. Weights have been moving up as kill is up. Loins on the on the 5 day average were at $90.51 and on the daily morning sales were at $89.51 and hams on the 5 day average were $80.74 and the daily morning price at $81.44.

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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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