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Livestock Roundup

August 21, 2019

Live Cattle (October)

 

October live cattle futures rallied for their second consecutive session for the first time in two weeks. The price action yesterday was encouraging, but today's was less so. We moved out above resistance from last Tuesday, 100.925, but failed to feed off the momentum. This keeps us skeptical on near term price action. If you’re looking to build a longer-term long position, consider the December and/or April futures. We have also started .....Click Here For The Full Report!

 

Feeder Cattle (October)

 

October feeder cattle had an inside day, nothing to write home about but better than what we would have guessed from yesterday’s reversal off the highs. Overhead resistance remains stout from....Click Here For The Full Report!

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 241.74 / 215.70

Change from prior day: / .04 / 1.43

Choice/Select spread: / 26.04

 

 

Lean Hogs (October)

 

In our Monday interview on RFD-TV we said that lean hogs were about as bipolar as you can get. We have seen this lived out through the month of August. We continue to chop around in wide ranges but haven’t gone anywhere too fast. Our technical support and resistance pockets....Click Here For The Full Report!

 

 

 

 

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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