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Livestock Prices Mixed

Livestock AM Outlook

Cash cattle prices were from $110.00 to a few at  $112.00 this week and Choice boxed beef gained $11.66 . Packers killed 653,000 head this week and cattle are averaging 18 pounds above a year ago. These are not negative fundamentals.  Keep in mind, it is November and when there is not a spot market, algorithms move markets.

Lean hogs were down following the trend when hogs topped on October 19th.  Traders are looking at growing global numbers and prospects US exports will drop.  Trade volume was moderate.

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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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