Explore Special Offers & White Papers from ADMIS

Is Holiday Demand Over?



Cattle that couldn’t make Tuesday’s kill were able to be delivered Wednesday but with light beef sales, packers aren’t going to push slaughter.  Demand is over for holiday Choice primal rib buying.  Moving forward, the beef will need to see support from the middle and lower priced sections.  In 2024 traders will be watching for any consistent moves down on financial markets or upturns on energy markets.  Cash cattle prices last week were up a solid $2.00 and for some cattle $3.00 higher, but buying was light especially in the Southwest.  This week is a short kill week and next week will be another shortened week. Last week kill was just 621,000 head.

Livestock in Misty Field


Light volume trade on Wednesday.  Spec traders were bear spreading.  Packers were able to bring in hogs that missed Tuesday’s kill due to snow but with light pork sales, they aren’t pushing kill. Look for light trading the remainder of the week.  Pork movement was also light. Hams on the daily buy were up on early sales $5.70 and end the day up 3.52  but it didn’t help the 5 day average currently at 74.98   Hams are cheap and although there wasn’t a surge on demand during the holidays, processors and retailers may need to refill inventories.

>>Read full report here


Interested in more futures markets? Explore our Market Dashboards here 

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started