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Pork Exports Were Pretty Good

LIVESTOCK MORNING OUTLOOK

Live Cattle futures are bull spreading.  Spreads are favoring nearby months and gradually lower into summer, fall and winter. In other words, traders are more concerned  now about the nearby and will ‘worry” about prices when the time comes.  When it is time to liquidate the spread, they roll and in succession prices in time move up.

Pork exports were pretty good at 30,400MT.  Mexico took two thirds of the net sales with 20,700MT followed by Japan with 6000 MT and Canada with 1,500MT.  China reduced previous exports and was absent from pork exports.  As expected, China’s purchase last week was to refresh storage because of pork moved before the Lunar holiday.

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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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