Sorry, you need to enable JavaScript to visit this website.

Cattle Finish Strong

Published on: 14:03PM Dec 17, 2017

Cattle Commentary: Last week we had mentioned that February live cattle were coming into a seasonal buy from December 13th to December 28th.  Over the last 15 years this has been profitable 14 of those years with the average gain being 2.41.  So far that seasonal looks to be holding true as cattle found support after being in free fall mode for the previous two weeks.   February live cattle finished Fridays session up 2.05 at 121.70, trading in a range of 2.775 on the day.  January feeder cattle finished Friday up 1.70 at 147.95 after trading in a range of 3.175 on the day.  For the week, both live cattle and feeder cattle closed higher adding 2.90 and 2.60 respectively.  Cash trade was nonexistent through the first ¾ of the week, but bids were creeping higher all-day Friday.  There were cash trades at 120.50 after the close in Wyoming, western Nebraska, and Colorado.   In Kansas and Texas, we saw trade at 120.  This should offer some support to the market to start the week, but how long it stays will be the question. 

Technically Speaking: Enjoy the Full Article Here! 

 

Read our Weekend Wrap Up too! (Grains)

 

 

Sign up for 1 or all 5 of our daily Blue Line Express commodity reports!

Free Trial

(Click the button to sign up for a FREE trial of our daily commodity commentary)

 

 

 

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.