LEZ8: -.725 at 117.35, trading in a range of 1.375
LEG8: -.425 at 122.05, trading in a range of .90
GFX8: -1.125 at 155.80, trading in a range of 1.975
GFF8: -1.125 at 150.60, trading in a range of 2.125
Cattle Commentary: Cattle future opened lower which wasn’t much of a surprise, considering we saw global equities down over 2% in the overnight and early morning session. This spike in fear often carries over into the cattle complex as money flow shifts and concerns over future demand grow. Stocks were able to claw back losses to finish the day closer to unchanged. Cash trade has been steady over the last month, the bulk of it coming in from 110.50-111.00. There are some suggesting that we could see a $2-$3 jump this week, we are keeping our expectations tempered a little more. Tomorrow’s Fed Cattle Exchange has 1,051 head offered, this could put the line in the sand for this week’s trade.
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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.