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Daily cattle and hog technicals and fundamentals

Published on: 00:04AM Nov 29, 2018

Livestock Roundup

 

November 28, 2018

 
 

LEZ8: .30 at 117.00, trading in a range of .55

LEG8: .125 at 120.725, trading in a range of .95

GFF9: -.65 at 147.775, trading in a range of 1.175

GFH9: -.575 at 145.425, trading in a range of 1.05

 

 

 

Cattle Commentary: Cattle futures were in another tight range, replicating yesterday’s price action, just in the other direction.  The market worked higher but retreated back near unchanged by the end of the day.  The market seems to be shaking weak hands out before it makes its next directional move.  Cash trade this week has been light so far; today’s Fed Cattle Exchange sold 148 head at 116.75.  Expectations continue to be for higher cash, but those expectations are likely baked into the cake to some extent. 

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 213.28 / 198.50

Change from prior day: / (.72) / (1.74)

Choice/Select spread: / 14.78

 

Tech Talk

 

Live Cattle (February)

 

With another....To get our full report emailed to you each afternoon, click HERE or email Oliver@BlueLineFutures.com

 

Feeder Cattle (January)

 

January feeder cattle are in a peculiar spot here, both....To get our full report emailed to you each afternoon, click HERE or email Oliver@BlueLineFutures.com

 

Lean Hogs (February)

 

February lean hogs continued to....To get our full report emailed to you each afternoon, click HERE or email Oliver@BlueLineFutures.com

 

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