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How High Can Hogs Go?

Published on: 21:47PM Mar 18, 2019

Livestock Roundup

 

March 18, 2019

 
 

Last Trades

 

LEJ9: -.675 at 128.425 trading in a range of 1.50

LEM9: .725 at 122.65, trading in a range of 1.125

GFH9: .325 at 141.65, trading in a range of 1.25

GFJ9:  -.50 at 146.425, trading in a range of 1.225

 

Cattle Commentary: Cattle futures were mixed to start the week with front month futures under pressure but deferreds mounting a rally.  We would not be surprised to see additional pressure come into the April contract this week, following last week’s lack luster cash trade and somewhat mute expectations to start this week.  Weather has certainly caused disruptions throughout Nebraska, but the packers don’t seem to be in a pinch.  A monster rally in hog futures has likely played a role in price action and money flow.

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 228.33 / 218.21

Change from prior day: / 1.34 / .87

Choice/Select spread: / 10.12

 

Tech Talk

 

Live Cattle (April)

 

April live cattle opened higher but spent little time trading in that positive territory.  Today’s high marks lower highs, an area that....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

 

Feeder Cattle (April)

 

April feeder cattle started the week on softer ground, trading in a....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 hog futures continued higher, narrowing the spread with deferred months.  As mentioned in our Weekend Ag Update, expect volatility to continue.  We also mentioned....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.