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Livestock Markets Steady

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Daily Livestock Report

Slight improvement on beef prices last week. Possibly beef has bottomed. Kill is increasing along with heavier cattle.  Movement favors ground beef and trimmings.

Specs have taken over the cattle futures. It has been a yoyo this past week. The reason: there is little hedging pressure.

Hams gaining nearly $10.00 over 5 day average. Loins steady and carcass gain nearly 3.00. Volume Friday was moderate. Keeping watch on exports to Mexico.

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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