Are cattle set for new highs?

Published on: 23:33PM Jan 14, 2019

Livestock Roundup

 

January 14, 2019

 
 

 LEG9: .525 at 125.50, trading in a range of .85

LEJ8: .325 at 126.70, trading in a range of .80

GFF9: -1.45 at 144.675, trading in a range of 1.625

GFH9: -.55 at 144.35, trading in a range of 1.275

 

Cattle Commentary:  With the index roll behind us, volume will be on the April contract which is where we will start putting our emphasis in our daily Livestock Roundup.  Cash cattle trade started picking up Friday afternoon with the bulk coming in at 124 live and 197 dressed, this was up 1-2 from the previous week.  There are talks that the recent winter weather has had a big effect on weights which is keeping hopes high for another week of firmer cash trade.  Early expectations are for steady to 2 higher, much of which is already priced in on the board. 

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 212.02 / 205.46

Change from prior day: / (.44) / (.81)

Choice/Select spread: / 6.56

 

Tech Talk

 

Live Cattle (April)

 

Today’s price action....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email [email protected]

 

 

Feeder Cattle (March)

 

Right here, right now, we see....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email [email protected]

 

Lean Hogs (April) 

 

April lean hogs....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email [email protected]

 

 

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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.