Daily Livestock Commentary

Livestock Roundup

May 22, 2019

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Cattle & Hogs


Last Trades

LEM9: -.275 at 110.575, trading in a range of .925

LEQ9: -.40 at 107.875, trading in a range of 1.05

GFQ9: -.475 at 142.525, trading in a range of 1.45

GFU9: -.225 at 143.95, trading in a range of 1.35


Cattle Commentary:The slow chop continues in cattle futures, which is wearing thin on the patience of those who were looking for a recovery rally and convergence between the board and cash. Cash trade started ramping up today in the South, coming in from 114-115 in Kansas and Texas, 1-2 lower from the previous week. There was talk of 116 live in the North with dressed bids from 185-186. Todays Cold Storage report came in at 430.346 million pounds, below expectations of 440.795. Friday's Cattle on Feed report is the big-ticket item, early estimates are as follows: on Feed 102.7%, Placements 112.5%, and Marketings at 106.6%.


PM Boxed Beef / Choice / Select

Current Cutout Values: / 219.75 / 205.81

Change from prior day: / .17 / (.77)

Choice/Select spread: / 13.94


Tech Talk


Live Cattle (June)


June live cattle took....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 technicals look about as....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com


Lean Hogs


The inability to breakout above resistance from 93-94 has put....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.