LEZ8: -1.525 at 115.55, trading in a range of 2.925
LEG8: -1.225 at 120.975, trading in a range of 2.60
GFF9: -2.85 at 146.90, trading in a range of 3.775
GFH9: -2.45 at 145.80, trading in a range of 3.30
Cattle Commentary: Cattle futures rolled over hard today on the back of a technical breakdown (see our full technical analysis below). We often say that volatility invites volatility, we expect to see that hold true again this week as market participants brace for the potential impacts of this week’s elections. Trade with China has worked its way back into talking points, we are not putting much weight into that at this point in time. The bulk of cash trade last week came in near 115. The market is not concerned with what we traded last week, hence the name “futures”.
PM Boxed Beef / Choice / Select
Current Cutout Values: / 218.59 / 202.35
Change from prior day: / .09 / .88
Choice/Select spread: / 16.24
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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.