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Not Much Change In Live Cattle

MORNING LIVESTOCK OUTLOOK

Not much change on Live Cattle futures this week. December gained $1.37 but other months change by a few cents. Most notable February and April were higher as August on out were slightly lower.  Boxed beef had a volatile week as Choice rib primals had big ups and downs but as of Friday morning was down $20.20 for the week.

Herd of cows

Global export competition in 2023 for pork will likely make it a rough road for the US.  Increasing hogs in China and global trade agreements with EU such as Portugal and Spain and Brazil will make it hard for US exports to work into China and other Asian countries.  Also, Mexico increasing exports from Brazil could and mostly likely cut into US exports.

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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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