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Pork Cutout Down

Livestock AM Outlook

Cash cattle sold for $110 with a few head up to $110.00 with a few feedlots in the Southwest willing sell if they get $110.00. If they don’t get it this week, they will next week. Southwest cattle have the advantage over Midwest cattle because they have the lower weights packers need.

Cutout down Thursday with futures up as December futures moved up to move closer to current CME Hog Index at 71.37 compared to December futures settling at 65.80. Loins up 4.14 and cancelled out with hams down 6.28. For the week the cutout is down 98 cents.

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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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