A Top For Cattle and Hogs?

Click this link to watch today's interview with RFD-TV, breakding down the grain and livestock markets.


LEM9: -1.05 at 121.60, trading in a range of 1.75

LEQ9: -1.075 at 118.80, trading in a range of 1.325

GFK9: -.925 at 150.725, trading in a range of 1.45

GFQ9: -1.15 at 159.70, trading in a range of 1.90


Cattle Commentary: Cattle futures worked lower today, at one point erasing all the gains from last week. Last weeks Cattle on Feed report came in neutral/bearish, prompting some long liquidation from the funds. Last weeks Commitment of Traders report showed that funds added 3,693 futures/options, bringing their net long position to 152,634 futures/options. Cash trade was firm last week, 2-3 higher from the previous week and likely priced into the market. Once we chew through this weather premium, we could see cash start to slide back towards the recent mean and the spread between the north and south narrow.


PM Boxed Beef / Choice / Select

Current Cutout Values: / 234.48 / 222.64

Change from prior day: / .83 / 2.15

Choice/Select spread: / 11.84


Tech Talk


Live Cattle (June)


June live cattle finished the session right near our....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.


Feeder Cattle (August)


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


Lean Hogs (June)

June lean hogs trickled lower all day, reaching....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.