Lean Hogs Fly 🐷

Research Posts Livestock Round Up

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Cattle futures traded on both sides of unchanged yesterday while lean hogs scored a HUGE technical victory.

Live Cattle

Technicals (October- V)

October live cattle futures traded on both sides of unchanged yesterday, only to finish the day near where they started.  All in all, it does little to change the technical landscape. The Bulls have the advantage until we see a close back below 183.00-183.15.  Resistance remains intact from 184.35-184.80, above that is the contract high from July 20th, 185.75.

Resistance: 184.35-184.80***, 185.75**

Pivot:  183.00-183.15 

Support: 181.52-182.30**, 178.62-179.10**

Seasonal Tendencies

This year bucked the trend of the seasonal weakness in the back half of August, but yesterday was able to pick up on the Bullish seasonal tendencies. 

Feeder Cattle

Technicals (October – V)

October feeder cattle looked like they were going to selloff midday yesterday but found their footing following the USDA report which helped propel prices to new highs, ultimately finishing the session back near unchanged for the day.  

Resistance: 262.07*

Pivot: 257.40-257.925

Support: 253.50-254.25***, 252.60-253.00**

Seasonal Tendencies 

October feeder cattle futures have been bucking the trend of historical seasonal tendencies, see the chart below for Comparisions versus the 5, 10, 15, 20, and 30 year averages.

Lean Hogs

Technicals (October – V)

October lean hogs ripped higher yesterday trading back to and above the 200-day moving average for the first time since July 31st.  If the Bulls can defend this strength through today’s session, we could see an extension and retest of the August highs, 86.75.

Resistance: 85.15-85.75*****, 86.75**, 90.20***

Pivot: 84.85

Support: 82.20-82.975***, 80.55-81.50***

Seasonal Tendencies 

October lean hogs are entering a seasonally friendly time of year.  See the chart below for Comparisions versus the 5, 10, 15, 20, and 30 year averages.


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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. 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.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500


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