LEM9: .375 at 111.65, trading in a range of 1.00
LEQ9: -.075 at 108.85, trading in a range of 1.10
GFQ9: -.55 at 144.95, trading in a range of 2.15
GFU9: -.75 at 145.95, trading in a range of 2.075
Cattle Commentary: June cattle futures managed to stabilize at the end of the day, finishing the day in a relatively tight range. If the board continues to stabilize, we would look for cash to follow suit. The bulk of last week’s cash trade came in from 115-117, roughly 2.00 higher than last year. The USDA’s monthly Cold Storage report will be out on Wednesday, but the big-ticket item is Friday’s Cattle on Feed report. Early estimates are as follows: On Feed: 102.7%, Placements 112.5%, and Marketings at 106.6%.
PM Boxed Beef / Choice / Select
Current Cutout Values: / 221.45 / 208.03
Change from prior day: / 1.14 / (.25)
Choice/Select spread: / 13.42
Live Cattle (June)
June live cattle managed to....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com
Feeder Cattle (August)
Feeder cattle were under....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com
Lean Hog (June)
June lean hogs failed to....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.