Explore Special Offers & White Papers from ADMIS

Packers Paying Top Prices For Cattle


An indicator there is less beef available is how packers are paying extreme top prices for some cattle in the Midwest. The 5 day average for all steers in the US for the 5 days of last week was $139.47 yet there were some loads that sold for $144.00, not many but packers needed the cattle or they would not have paid as much as they did above the market.

Traders will be focusing on tomorrow’s Hogs and Pigs Report. Expectations of traders are for a smaller herd with just a very slight increase kept for breeding. With high feed prices, independent small producers that raise hogs and grow feed, even with high hog prices, will likely choose to sell grain over putting it through hogs.

Monday trade volume was light and today and tomorrow, expect it to be light again.

 click here for full report

Learn more about Chris Lehner 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