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Volume Very Light Monday


Volume was very light Monday. Trading was within a tight range but it remains technically strong. Traders tried to push Live Cattle lower but were unsuccessful and ended up buying back shorts.

As prices on the CME Lean Hog Index and the CME Pork Index continue to fall, negotiated hogs prices drop and formula and prices based on futures fall.  Monday packers were moving a lot of hogs from the formula and futures purchases.  These hogs are controlled by the packers and when movement was as large as it was on Monday it indicates packers are not wanting to keep hogs especially noticeable when prices are dropping.

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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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