Volatile Session for Cattle and Hog Futures

Livestock Roundup

March 19, 2019

|

Cattle & Hogs


Last Trades


LEJ9: .875 at 129.20 trading in a range of 1.775

LEM9: .225 at 122.80, trading in a range of 2.25

GFJ9: 1.225 at 147.525, trading in a range of 2.825

GFK9: 2.05 at 150.375, trading in a range of 3.50


Cattle Commentary: It was a roller-coaster day for cattle futures, surging high only to breakdown in the next 30 minutes. There were conflicting headlines that likely played a role into that volatility pop. The headlines went from, China walking back trade offers, to Lighthizer is headed to China at the end of the month to continue negotiations. This was lock step with the drop and end of day recovery and mirrored that of the intraday S&P chart. At the same time that these headlines were being released, the Brazilian President and President Trump were meeting, some of their discussion revolved around agricultural trade (details yet to be released). Cash trade has yet to develop this week, but expectations are for steady cash. Tomorrows Fed Cattle Exchange has 596 head offered.


PM Boxed Beef / Choice / Select

Current Cutout Values: / 229.33 / 219.46

Change from prior day: / 1.00 / 1.25

Choice/Select spread: / 9.87


Tech Talk


Live Cattle (April)

Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.


Feeder Cattle (April)


Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.


Lean Hogs (April)

Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.


Sign up for a FREE trial of 1 or all 4 of our daily commodity reports!

-Grains

-Livestock

-Currencies

-S&P, Oil, Gold

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.