Livestock Roundup | 11.16.2021



Live Cattle (December) December live cattle traded in a narrow range, just 80 cents and finished Monday’s session down 35 cents, at 131.775. It’s the same story as last week’s trade, consolidation. The sideways trade keeps many of last week’s technical support and resistance levels intact. The Bulls need to see a conviction move above last week’s high to encourage the next leg higher. The next resistance pocket we see comes in from .....Click here to get our (FULL) daily reports emailed to you!

Bias: Previous Session Bias: Resistance: Support:

Feeder Cattle (January) In Monday’s morning report and interview with RFD-TV, we talked about last week’s weakness being relatively constructive. This sounds counterintuitive, but if you look at the weakness relative to the rally in the grains, it could have been much worse. Our technical support pocket was tested and held, that came in from.....Click here to get our (FULL) daily reports emailed to you!

Bias: Previous Session Bias: Resistance: Support:

Lean Hogs (December) December lean hog futures had an inside day, trading within the previous day’s range. They also finished near unchanged, which offers little conviction to the Bulls or the Bears and keeps many of our technicals intact from yesterday’s report. The market is treading in our pivot pocket from 75.75-76.05. If the Bulls can chew through this pocket, we could see an extension back towards the 100-day moving average near 79.35. The deferred contracts have shown more strength, with the February contract rapidly approaching the 100 DMA and the April contract surpassing it.....Click here to get our (FULL) daily reports emailed to you! Bias: Previous Session Bias: Resistance: Support:

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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.

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