LEZ8: -.05 at 116.875, trading in a range of .725
LEG8: .075 at 120.725, trading in a range of .875
GFF9: -.65 at 148.50, trading in a range of 1.225
GFH9: -.225 at 145.925, trading in a range of 1.15
Cattle Commentary: Cattle futures tried to feed off of yesterday’s weakness, but buyers stepped in near yesterday’s lows to press prices back towards unchanged. Cash trade this week has yet to be determined, some are optimistic about higher prices with most offers resting near 120. Tomorrows Fed Cattle Exchange has 620 head offered, not a lot but for whatever reason it draws attention weekly as it occasionally puts a line in the sand. Holiday’s are around the corner which could help beef up demand (pun intended).
PM Boxed Beef / Choice / Select
Current Cutout Values: / 214.00 / 200.24
Change from prior day: / (.45) / .45
Choice/Select spread: / 13.76
Live Cattle (February)
Today’s price action did....To get our full report emailed to you each afternoon, click HERE or email Oliver@BlueLineFutures.com
Feeder Cattle (January)
January feeder cattle tested....To get our full report emailed to you each afternoon, click HERE or email Oliver@BlueLineFutures.com
Lean Hogs (February)
Weakness continued in lean hogs today with....To get our full report emailed to you each afternoon, click HERE or email Oliver@BlueLineFutures.com
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