News

Livestock Futures Is About Outside Markets Now, Beware of Technical Levels

Blue Line Futures

February 27, 2020

April live cattle tried to stage a relief rally early yesterday morning but failed miserably to hold a flame. Futures continued lower into the close, making new lows for the move and coming within arm’s length of the contract lows from September.

Livestock Futures Fell Victim To Spillover Effect From Outside Market Turmoil

Blue Line Futures

February 25, 2020

April lean hogs fell victim to the spillover effect from the outside market turmoil but managed to hold their own better than we had anticipated. If outside markets can find their footing and stabilize at the least, we think there is an opportunity in the near term.

Livestock Futures - April Lean Hog Futures Caught A Bid

Blue Line Futures

February 19, 2020

April live cattle traded on both sides of unchanged before finishing yesterday’s session in positive territory. The market ran up against our technical resistance pocket but failed to chew through it,

Livestock Futures - Lean Hog Futures Volatility (Up And Down) Creates An Emotional Trading Environment

Blue Line Futures

February 12, 2020

April lean hogs retreated yesterday but fell short of falling apart. The volatility (up and down) creates an emotional and irrational trading environment, so consider reducing your “normal” position sizing.

Livestock Futures - Still Significant Damage To Repair On Lean Hog Futures Chart

Blue Line Futures

February 10, 2020

Lean hogs found some relief on Thursday and Friday, but there is still significant damage to repair on the chart. The volatility (up and down) creates an emotional and irrational trading environment, so consider reducing your “normal” position sizing.

Livestock Futures - Chinese Reduce Tariffs On $75 billion US Goods, Positive Development For Phase-1

Blue Line Futures

February 6, 2020

April live cattle failed to find their footing, cutting against our thesis that the outside markets stabilizing would offer more support to the market.

Livestock Futures - China Seeks Leniency To Agriculture Purchases Due To Coronavirus

Blue Line Futures

February 4, 2020

Lean hogs were mixed to start the day with headlines suggesting China was seeking leniency on the Phase-1 agreement due to the coronavirus outbreak, halting an attempt at a meaningful relief rally in the front months.

Livestock Futures - Ag Traders Look For Money Flow and Outside Markets To Stabilize

Blue Line Futures

January 31, 2020

Livestock futures were under pressure yet again in yesterday’s session as the risk-off mentality came back into play. After the livestock markets closed, the outside markets stabilized with stocks rallying as much as 2% off the lows.

Livestock Traders - China Conronavirus Could Hit China's Ability To Meet US Trade Deal Demands

Blue Line Futures

January 29, 2020

April live cattle opened up steady(er than we thought). They eventually gave up ground into the afternoon session with the market making new lows for the move.

Livestock Futures Traders Taking 'Sell First, Ask Questions Later Attitude'

Blue Line Futures

January 28, 2020

April live cattle got taken to the woodshed for the second time in three sessions as fears of coronavirus trigger additional long liquidation from the funds. We have been leaning on the short side and are still pressing that angle.