The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
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The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Commodity markets and the information that moves them is constantly changing making it almost impossible to keep up. The Blue Line Express is a valuable resource written by, Blue Line Futures, for hedgers and traders that provides the latest and most pertinent news and technical analysis. Take one stop on the Blue Line Express for daily fundamental and technical analysis so you can make better informed decisions.
LEG9: -.20 at 123.675, trading in a range of .825
LEJ8: -.25 at 126.00, trading in a range of .90
GFF9: -.925 at 147.925, trading in a range of 1.925
GFH9: -.775 at 145.975 trading in a range of 2.175
Cattle Commentary: Live cattle saw follow through pressure today as weather premium evaporated via long liquidation. We were working to reduce shorts with clients who sold the weather premium the past three sessions. The bulk of cash cattle trade last week came in around 123 live and 195 dressed. There was no Fed Cattle Exchange today, that will resume Wednesday, January 9th. Due to the government shutdown, we do not have access to the weekly Commitment of Traders data; we would assume that funds still hold a solid net long position.
PM Boxed Beef / Choice / Select
Current Cutout Values: / 216.64 / 210.91
Change from prior day: / 1.29 / .25
Choice/Select spread: / 5.73
Tech Talk
Live Cattle (February)
February live cattle....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.
Feeder Cattle (March)
January is front month but there will be more volume/liquidity in the March contract, so that is our point of focus. The markets failure over the past....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.
Lean Hogs (April)
Lean hogs caught a bid on the back of....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.
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