Buy hogs and sell cattle?

Livestock Roundup

February 19, 2019

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Cattle & Hogs


LEJ9: 1.325 at 128.50, trading in a range of 1.85

LEM9: .55 at 118.625, trading in a range of 1.20

GFH9: 1.125 at 143.725, trading in a range of 2.55

GFJ9: .675 at 145.90, trading in a range of 2.125


Cattle Commentary: Cattle futures surged higher to start this weeks trade, despite a bit of a lack luster cash trade late Friday. The bulk of cash came n at 125 live and 200 dressed, steady with last week and mostly the last month. Snow storms sweeping across the Midwest have offered support but as we have mentioned before, some of this has to be anticipated. If the forecast comes in below expectations, expect to see a premium come out of the market. All in all, the market is mostly rangebound. At the top end of the range, we were working with clients to the sell side and would consider being more aggressive through the week depending on the technical developments.


PM Boxed Beef / Choice / Select

Current Cutout Values: / 217.27 / 213.54

Change from prior day: / (.12) / .54

Choice/Select spread: / 3.73


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 (March)

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.


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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.