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Livestock Prices Move Higher

MORNING LIVESTOCK OUTLOOK

Beef continues to move higher. Spread between Choice and Select is widening. Daily beef movement is light showing packers  are filling contracts first and sell beef on daily market at their price. Beef is a seller’s market.  Cattle are current.  Spring and summer, especially this year, are when grilling out increases. Compared to world prices, US cattle are cheap.

Pork keeps creeping higher and loins are finally a part of it. With loins moving higher it is a positive indicator.  Spreaders are a big reason hogs have fallen of their highs.

The US Dollar is weak,  and the Peso, Australian Dollar, Canadian Dollar and Yen should keep exports strong.

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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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