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Daily Livestock Fundamentals & Technicals (2.25.19)

Published on: 22:11PM Feb 25, 2019

Livestock Roundup

 

February 25, 2019

 
 

LEJ9: .525 at 129.40, trading in a range of 1.25

LEM9: .275 at 119.75, trading in a range of .80

GFH9: -.30 at 142.60, trading in a range of 1.225

GFJ9:  .45 at 145.75, trading in a range of 1.05

 

Cattle Commentary:  Cash cattle last week came in from 126-128 but it should be noted that the volume of sales was horrendously low.  Friday’s Cattle on Feed report came in as follows: On Feed 102%, Placements 98%, and Marketings 99%.  Keep in mind that this data is a month old, giving it even less significance (if that’s even possible).  Cold weather has been a concern for some areas of the Midwest, but we continue to keep expectations tempered.  If you’re reading this, you probably know that we are in the camp that believes the markets are as efficient as ever and this data was likely priced into the market. 

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 219.55 / 214.57

Change from prior day: / .16 / 2.22

Choice/Select spread: / 4.98

 

Tech Talk

 

Live Cattle (April)

Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Feeder Cattle (March)

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Lean Hogs (April)

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.