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Trading Light Ahead of COF Report


Trading likely to be light Friday ahead of Cattle on Feed Report.  However, the traders are going to be looking at the down move in boxed beef and the cash market. Beef exports at 17,300 MT improved over last week but are below the weekly average needed .

cows with an oil rig

Pork carcass was up Thursday but still remains below $80 with Loins barely above $80.00 and Hams below $80.00 on the 5 day average. Thursday the 5 day average for Bellies was $90.00.

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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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