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LEV8: -.625 at 109.25, trading in a range of 1.40
LEZ8: -.375 at 114.025, trading in a range of 1.05
GFV8: -.175 at 151.65, trading in a range of 1.55
GFX8: .225 at 151.725, trading in a range of 1.40
Cattle Commentary: Cattle futures backed off today on the absence of bullish news and yesterday’s failure against our technical resistance pocket. Cash cattle has been non-existent this week with bids starting to creep up from 106 to 107. We would not be surprised to see these bids continue to climb, but that doesn’t necessarily mean futures need to follow suit. Today’s Fed Cattle Exchange had no sales, there was 1 pen passed on at 106. Boxed beef was lower on the day.
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.