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Double Bottom for Lean Hogs?

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Livestock Roundup

February 11, 2019

 LEJ9: .50 at 128.425, trading in a range of .85

LEM9: .35 at 118.45, trading in a range of .625

GFH9: .725 at 144.825, trading in a range of .925

GFJ9:  .925 at 146.825, trading in a range of .975


Cattle Commentary:  Cattle futures traded both sides of unchanged to start the week, only to rally into the final minutes of trade.  The cash trade firmed up on Friday with the bulk coming in near 125 live and up to 204 dressed.  Part of today’s rally is being attributed to winter weather conditions (Shocking to see in February).  We continue to urge both the bulls and the bears to temper expectations, as we believe the market will continue to trade in a more defined range. 


PM Boxed Beef / Choice / Select

Current Cutout Values: / 216.88 / 213.86

Change from prior day: / 1.53 / 2.69

Choice/Select spread: / 3.02

Tech Talk


Live Cattle (April)


April live cattle managed to....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email



Feeder Cattle (March)


Feeder cattle....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email



Lean Hogs (April)


April lean hogs tested....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email

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About the author

Oliver Sloup is Vice President of Blue Line Futures, a leading futures and commodities brokerage firm located at the Chicago Board of Trade. Blue Line Futures mission is to put the customer first, and that means bringing YOU the best customer service, consistent and reliable research and state of the art technology.  Oliver has been a guest on CNBC and Bloomberg, among others.  Oliver has over a decade of trading experience. Prior to Blue Line Futures, Oliver worked as the Director of Managed Futures at iiTRADER.



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