Explore Special Offers & White Papers from AFS

Livestock Mostly Higher Prices

Download PDF

There are a lot of yield grade 4’s and 5’s showing up and packers don’t seem to be hitting them with discounts.  Recent move up could be for Labor Day retailer buying However, there wasn’t  big demand over Memorial Day or July 4th but with the  last big summer holiday, retailers may show out high end cuts that are now leading the boxed beef higher.

There are still packers in Brazil and Argentina unable to sell poultry, beef and pork to China and with the way packers have been contracting meat as of late past mandatory reporting times, it is likely exports for beef especially with cheap US Dollar are going to see a continued strong exports.

Pork cutout Tuesday had a moderately active movement with 496 loads. Volume on futures light. October moved up to the overhead resistance, the convergence of 10 and 20 day moving average and then spec traders took profits.

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today