We will be on RFD-TV tomorrow at 12:45cst!
LEG9: -.475 at 124.825, trading in a range of .675
LEJ8: -.25 at 125.90, trading in a range of .625
GFF9: -.825 at 146.80, trading in a range of 1.025
GFH9: -.725 at 144.725 trading in a range of 1.00
Cattle Commentary: Cattle futures finished the past two sessions with some conviction, but that fizzled slightly in today’s session as recent buyers were looking to reduce risk (take profits). As mentioned in yesterday’s report, we have been working with hedgers and speculators to take advantage of this pop. On the cash side of things, there has not been a lot to report on. Optimistic market participants are looking for another pop in cash. We tend to keep the expectations tempered, even if we get the move in cash, the market has likely been pricing that in this week. Today’s Fed Cattle Exchange was a skunk with 571 head offered.
PM Boxed Beef / Choice / Select
Current Cutout Values: / 213.84 / 206.47
Change from prior day: / (.14) / (.79)
Choice/Select spread: / 7.37
Live Cattle (February)
The market caught....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.
Feeder Cattle (March)
March feeder cattle gave....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.
Lean Hogs (April)
April lean hogs....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.