MORNING LIVESTOCK OUTLOOK
Currently, the difference on prices between Choice rib and loin primal cuts compared to Select rib and loin primal is wide, about 72.00/cwt on Choice and Select primal loins. At the same time, feedlots have too many Select cattle available.
Pork carcass was higher Tuesday. It is higher because the pork available to sell on the daily market is in limited supply. If a buyer needs pork, they are paying whatever the seller asks. It is really that simple. However, over the past few months when loins near $109.00 to $111.00, buyers have backed off.
Learn more about Chris Lehner here
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.