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Traders Look For Strong Pork Exports


Traders will be looking for strong pork exports. Exports will be an important key going forward for lean hogs especially exports to Mexico.  In 2023 Mexico with a new trade agreement will buy more pork from Brazil. Increasing pork from Brazil is to help .

piglets behind fencing

Trade volume in Live Cattle was quiet Thursday.  It is unlikely large traders are going to initiate positions before next year and probably won’t until the first full week of trading in 2023.  The COF report was friendly but not friendly enough to call it outright bullish.  We need to see fewer cattle on feed and lower placements into February and March.

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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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