Sorry, you need to enable JavaScript to visit this website.

Livestock Roundup (6.13.18)

Published on: 22:15PM Jun 13, 2018

Last Trades:

LEQ8: -.45 at 103.85, trading in a range of 1.15

LEV8:  -.575 at 106.775, trading in a range of .975

GFQ8: -.175 at 145.625, trading in a range of 1.30

GFU8: -.125 at 146.70 trading in a range of 1.275


Cattle Commentary:  Cattle futures finished today’s session little changed after trading in a relatively narrow range.  New news is hard to come by so far this week which has some market participants sitting on their hands.  Today’s Fed Cattle Exchange yielded zero sales on 596 head with 100 and 112 being passed on.  We will look for a clearer picture to develop on the cash front over the coming days.  Bids are resting at 112 with asking prices near 118, shoot the gap and you have a steady trade with last week.  There are several analysts out there calling for more extreme moves in both directions, we continue to be in the camp that we will see the market settle into a more defined range.  Boxed beef was lower for the day.


PM Boxed Beef / Choice / Select

Current Cutout Values: / 223.90/ 202.30

Change from prior day: / (1.02) / (1.09)

Choice/Select spread: / 21.60


Tech Talk


Live Cattle (August)


Fat cattle futures traded in their tightest range in a week as prices linger in the middle of our risk range and the RSI (relative strength index) reflects that with a reading of 50.80.  In other words, we are remaining patient to sell higher prices or buy lower prices.  On the support side of things, we feel 102.20-102.40 offers tremendous value, this pocket represents a key retracement on the year and the bottom end of the recent range.  On the resistance side of things, we would like to sell the first test of the top end of the range which we have defined as....


Feeder Cattle (August)


August feeder cattle futures posted an inside day, trading within the previous days range.  The market tripped below 145.50 but managed to close above, this level represents the middle of the range for the year and could be a pivot point to round out the week.  A break and close below opens the door for a run closer to....


Lean Hog Commentary and Technicals (July)


Lean hogs continued their momentum today with the July contract finishing the day up 1.35 at 82.80, trading in a range of 1.55.  As mentioned in yesterday’s report, the reversal off of support has given the bulls a near term edge which could lead to a test of the contract highs of 85.75.  With that said, the bulls need to chew through a resistance pocket from....


Sign up for a free trial of 1 or all 5 of our daily Blue Line Express 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.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.