Double Bottom for Lean Hogs?

Livestock Roundup

February 11, 2019

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Cattle & Hogs


 LEJ9: .50 at 128.425, trading in a range of .85

LEM9: .35 at 118.45, trading in a range of .625

GFH9: .725 at 144.825, trading in a range of .925

GFJ9:  .925 at 146.825, trading in a range of .975

 


Cattle Commentary:  Cattle futures traded both sides of unchanged to start the week, only to rally into the final minutes of trade.  The cash trade firmed up on Friday with the bulk coming in near 125 live and up to 204 dressed.  Part of today’s rally is being attributed to winter weather conditions (Shocking to see in February).  We continue to urge both the bulls and the bears to temper expectations, as we believe the market will continue to trade in a more defined range. 

 


PM Boxed Beef / Choice / Select

Current Cutout Values: / 216.88 / 213.86

Change from prior day: / 1.53 / 2.69

Choice/Select spread: / 3.02


Tech Talk

 


Live Cattle (April)

 


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

 


 

Feeder Cattle (March)

 


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

 

 


Lean Hogs (April)

 


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


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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.