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Steep Drop in Choice Ribs


Choice boxed beef fell Wednesday with steep drop in Choice rib primals and at the same time Select beef was higher, narrowing the spread between Choice and Select.  Through the remainder of January expect this type of beef trade.  Going forward look for middle meats and lower priced cuts having more demand. Consumer demand is shifting to lesser priced beef now that the holiday season is over.

Wet icy snow across parts of the upper Midwest slowed some movement of hogs, but packers aren’t trying hard to get hogs into plants.  Export will be released early Friday morning and will be closely watched by traders.  If the Mexican Peso remains strong to the U.S. Dollar, exports should remain strong to Mexico and the U.S. definitely needs to keep Mexico buying pork.

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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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