GFF9: -.925 at 147.925, trading in a range of 1.925
GFH9: -.775 at 145.975 trading in a range of 2.175
Cattle Commentary: Live cattle saw follow through pressure today as weather premium evaporated via long liquidation. We were working to reduce shorts with clients who sold the weather premium the past three sessions. The bulk of cash cattle trade last week came in around 123 live and 195 dressed. There was no Fed Cattle Exchange today, that will resume Wednesday, January 9th. Due to the government shutdown, we do not have access to the weekly Commitment of Traders data; we would assume that funds still hold a solid net long position.
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.