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

Nearing a Top?

Published on: 22:40PM Feb 26, 2019

Livestock Roundup

 

February 26, 2019

 
 

LEJ9: .775 at 130.00, trading in a range of .975

LEM9: .475 at 120.075, trading in a range of .75

GFH9: .975 at 143.475, trading in a range of 1.675

GFJ9:  1.225 at 146.875, trading in a range of 1.675

 

Cattle Commentary:  April live cattle were firm today, with the most impressive buying activity coming in towards the close, prompting prices to round out today’s session at the highs.  Cash trade has yet to develop this week, but many are suggesting packers will have to pay up this week.  Tomorrow’s Fed Cattle Exchange has 287 head offered, not even a drop in the bucket, but something active market participants keep an eye on.  Winter weather has taken a toll on weights in the Midwest with reports of cattle coming in up to 100lbs lighter, that has also been a supportive factor in recent price action.

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 219.67 / 213.73

Change from prior day: / .12 / (.84)

Choice/Select spread: / 5.94

 

Tech Talk

 

Live Cattle (April)

 

Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

 

 

Feeder Cattle (April)

 

Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

 

Lean Hogs (April)

 

Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Sign up for a FREE trial of 1 or all 4 of our daily commodity reports!

-Grains

-Livestock

-Currencies

-S&P, Oil, Gold

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.