LEM9: -.775 at 120.175, trading in a range of 1.125
GFH9: -1.625 at 142.30, trading in a range of 1.475
GFJ9: -1.85 at 145.85, trading in a range of 2.025
Cattle Commentary: The bulk of cash cattle last week checked in at 125 live and 205 dressed, steady with the previous week and a bit of a disappointment for the perma-bulls. Friday’s Cattle on Feed report was as follows: On-Feed 100%, Placements 95%, Marketings 103%; this was right in line with expectations and like cash trade, a bit of a disappointment. These two factors erased the gains from Friday afternoon. Friday’s Commitment of Traders report showed funds bought 6,587 futures through March 5th, extending their net long position to 129,163 contracts. This is a lot of length for the funds, leaving risk open to long liquidation.
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.