The Recovery Rally Continues

Research Posts Livestock Round Up

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Oliver Sloup, VP & Co-Founder, Blue Line Futures

Live Cattle

Technicals (February – G)

February live cattle got a nice rally on yesterday’s open, thanks in part to softer inflation data that propelled outside markets higher.  Cattle futures got back near the secondary breakdown point and ran out of gas, closing well off the highs.  Though not all is lost for the Bulls, that is not what they wanted to see.  There is another cattle on feed report on Friday which could lead to some positioning.  Looking past that in into next week’s holiday trade, we wouldn’t be surprised to see the market consolidate and settle into a more rational range. 

Resistance: 182.00-182.50**, 184.625 -185.00**, 186.275**

Pivot: 180.325-181.00 

Support: 175.85-176.55***

Seasonal Tendencies

Below is a look at historical seasonality’s (updated each Monday) VS today’s prices (black line). 

*Past performance is not necessarily indicative of futures results.

Feeder Cattle

Technicals (January – F)

January feeder cattle marked their third consecutive day of gains with yesterday’s close.  With that said, it was rather lackluster as it wasn’t even enough to recover all of last Thursday’s losses.  As mentioned in the live cattle section, we wouldn’t be surprised to see some positioning ahead of Friday’s Cattle on Feed report, but looking past that we wouldn’t be surprised to see the market settle into a more normal environment. 

Resistance: 233.37-234.95***, 242.32-243.05*** 246.42

Pivot:  229.00-229.50 

Support:  227.425**, 223.625**

Seasonal Tendencies 

Below is a look at historical seasonality’s (updated each Monday) VS today’s prices (black line).

*Past performance is not necessarily indicative of futures results.

Lean Hogs

Technicals (December – Z)

December lean hogs rejected the 100-day moving average yesterday and retreated, but it wasn’t enough to do any serious technical damage.  Our pivot pocket will be the inflection point that could start to trigger a bigger downward move. 

Resistance:  74.00-74.500***

Pivot: 70.00-70.25 

Support: 67.32-67.80***, 65.40-65.67**

Seasonal Tendencies 

Below is a look at historical seasonality’s (updated each Monday) VS today’s prices (black line).

*Past performance is not necessarily indicative of futures results.

Oliver Sloup, VP & Co-Founder, Blue Line Futures

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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.

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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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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

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