New Highs for Live Cattle

Livestock Round Up

/ by Blue Line Futures

New Highs for Live Cattle

Live cattle futures surge higher to post a new closing high. More upside to come ahead of the weekend?

Grain markets were mixed today with soybeans posting an impressive gain. Cattle markets were weaker but found their footing thanks to rumors of a sharply higher cash trade in the making.

 

Live Cattle (June)

June live cattle futures broke out above resistance yesterday which accelerated the move higher, taking prices to a new closing contract high and within arm’s reach of the intraday all time high at 207.30. The relative strength index crossed into overbought territory with a reading of 74.54 at the close. Rumors of a higher cash trade into the weekend coupled with technical strength were the two catalysts that fed on each other on Thursday. Previous resistance from 203.25-204.20 will now act as support. A break and close below here could spark some profit taking from Funds. End of month and end of quarter could continue to play a role in price action over the next two sessions.

Resistance: 206.92-207.30**
Pivot: 203.25-204.20
Support: 201.37-201.85***, 199.60-199.975**


Daily Cattle and Beef Summary

Cutout values were mixed on Thursday afternoon with choice cuts 2.58 lower to 335.72 and select cuts 2.91 higher to 319.44. Thursday’s slaughter was reported at 119k head, in the ballpark of the same day last week and last year. The 5-area average price for live steers was reported at 211.83

 

The CME feeder Cattle Index is at 287.67 with the NBW Real-Time Index showing 289.26as of this morning.

Seasonal Tendency Update
(updated 3.24.25)

Below is a look at historical price averages for June futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).

Seasonal Tendency Update

(updated 3.24.25)

Below is a look at historical price averages for June futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).  


Commitment of Traders Update
Friday’s Commitment of Traders report showed Funds were net buyers of roughly 8k futures/options contracts, expanding their net long position to 120,175 contracts.

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Futures trading involves a 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 your 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 that 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 that cannot be fully accounted for in the preparation of hypothetical performance results all of which can adversely affect actual trading results.

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Seasonal Disclaimer

This message and its content is intended only for the person or entity to which it is addressed and should not be shared with additional parties. Seasonal tendencies are a composite of some of the most consistent commodity futures seasonals that have occurred in the past several years. There are usually underlying, fundamental circumstances that occur annually that tend to cause the futures markets to react in similar directional manner during a certain calendar year even if a seasonal tendency occurs in the futures, it may not result in a profitable transaction as fees and the timing of the entry and liquidation may impact on the results. No representation is being made that any account has in the past, or will in the futures, achieve profits using these recommendations. No representation is being made that price patterns will recur in the future.

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