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Moderate Volume in Lean Hogs


Lean Hogs were higher on Wednesday on light to moderate volume.  The pork carcass on early sales was up 3.76. The 5 day average on the carcass is bouncing around $80.00.  Bellies have been like a teeter-totter  with exaggerated moves up and down over the past few days.

mother pig and piglet

Live Cattle trade volume was light to moderate Wednesday.  Beef exports at 16,400 MT were down from the previous week.  There were no big buyers. South Korea took 4,400MT followed by Japan with 3,500MT. China took a small amount at 1,400MT and traders likely will take exports as a negative factor.

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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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