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Livestock Roundup (12.4.18)

Published on: 00:09AM Dec 05, 2018

Livestock Roundup

 

December 4, 2018

 
 

LEG9: 1.525 at 121.70, trading in a range of 1.775

LEJ8: 1.30 at 122.925, trading in a range of 1.525

GFF9: -.25 at 144.25 trading in a range of 2.20

GFH9: -.325 at 141.775, trading in a range of 2.10

 

 

Cattle Commentary:  February live cattle not only erased all of yesterday’s losses, but also managed to post their highest price in a month.  The rally largely technically driven in what was an impressive performance considering the S&P got clobbered to the tune of 3%.  When stocks see this kind of pressure, it is not out of the ordinary to see a lid on cattle as concerns over forward demand seep into the market.  U.S. stock futures close at 8:30 am cst tomorrow in observance President Bush’s funeral.

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 213.86 / 197.51

Change from prior day: / .78 / (1.67)

Choice/Select spread: / 16.35

 

Tech Talk

 

Live Cattle (February)

 

In yesterday’s Livestock Roundup we laid out....To get our full report emailed to you each morning, click HERE or email Oliver@BlueLineFutures.com.

 

Feeder Cattle (January)

 

January feeder cattle....To get our full report emailed to you each morning, click HERE or email Oliver@BlueLineFutures.com.

 

Lean Hogs (February)

 

February lean hogs....To get our full report emailed to you each morning, click HERE or email Oliver@BlueLineFutures.com.

 

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.