LEG9: .85 at 123.00, trading in a range of 1.30
LEJ8: .45 at 124.975, trading in a range of .975
GFF9: .325 at 147.625 trading in a range of 1.15
GFH9: .425 at 145.325 trading in a range of 1.075
Cattle Commentary: Cattle futures worked lower on the open but found bargain buyers shortly after as technicals continue to look extremely friendly (see full technical breakdown below). Demand prospects continue to look promising over the near term but are waiting to see confirmation through cash this week. Cash cattle has yet to come in on large numbers this week, but market participants remain optimistic. Today’s Fed Cattle exchange came in steady with last week at 119 (on just 97 head).
PM Boxed Beef / Choice / Select
Current Cutout Values: / 212.25 / 201.57
Change from prior day: / (2.21) / .18
Choice/Select spread: / 10.68
Live Cattle (February)
Higher lows....To get our full report emailed to you each morning, click HERE or email Oliver@BlueLineFutures.com.
Feeder Cattle (January)
January feeder cattle worked....To get our full report emailed to you each morning, click HERE or email Oliver@BlueLineFutures.com.
Lean Hogs (February)
Lean hogs retreated towards the....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.