LEZ8: .35 at 115.775, trading in a range of 1.475
LEG8: -.975 at 119.425, trading in a range of 1.325
GFF9: -1.00 at 145.60, trading in a range of 1.55
GFH9: -1.325 at 144.075, trading in a range of 1.70
Cattle Commentary: In yesterday’s Livestock Roundup we said: “Bears have an advantage here, so bulls need to remain nimble.”. Nimble bulls had an opportunity to nibble at the low end of the range today as the market opened and retreated into our 4-star support pocket from 114.35-115.05. The pullback came on little new news and was more so a continuation of Monday’s technical breakdown (see our full technical analysis below). Today’s Fed Cattle Exchange had no sales, with only 310 head offered. The bulk of last week’s cash trade came in near 115.
PM Boxed Beef / Choice / Select
Current Cutout Values: / 218.22 / 201.77
Change from prior day: / (.54) / (2.89)
Choice/Select spread: / 16.45
Live Cattle (December)
Feeder Cattle (January)
Lean Hogs (December)
Sign up for a FREE trial of 1 or all 4 of our daily commodity reports!
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.