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Positive Movement on Choice Ribs

MORNING LIVESTOCK OUTLOOK

Boxed beef was down on Tuesday. However, there has been some positive movement on Choice rib sections of late, but the middle primal cuts are dragging boxed beef lower.

Lean hog futures moved higher early Tuesday with the morning cash pork carcass gaining $4.29. But by the afternoon the carcass was down $1.25.  Daily pork movement is light compared to the amount of pork produced in a day.

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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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