Livestock Roundup | 11.1.2021

Live Cattle (December)

December live cattle attempted a breakout last week but fell flat in the final two days. With that said, the weakness in the back half of the week did little technical damage, infect, December futures were still up .95 for the week and 3.70 for the month. We remain...Sign up for a Free Trial at Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.



Feeder Cattle (January)

January feeder cattle were the weak link of the livestock sector last week, finishing 1.200 lower for the week. For the month, Jan feeders were up just 1.050, compared to +3.675 for the November contract. Friday’s break and close below the October 22nd low, 156.875 is a big caution flag for any Bulls in the market. A failure to...Sign up for a Free Trial at Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.


Lean Hogs (December)

December lean hogs had a wild end to the week, rallying nearly 2.25 in the matter of seconds at 12:48 pm CT. This trade seems like it may have been a “fat finger” with the volume being extraordinarily high. That late day pop helped cement a solid gain for the week, 2.75. For the month though, Dec hogs were down 9.325. We are upbeat at...Sign up for a Free Trial at Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.

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