The USDA reported the pork carcass value at $125.49 per cwt on Wednesday afternoon, a drop of $5.53 from Tuesday. Select cuts lost 25 cents to $241.30 per cwt.ĬME hog futures were mixed, with the nearby August contract rising to its highest since June 2021 while deferred offerings were weaker.Īugust lean hog futures LHQ2 gained 1.15 cent at 121.00 cents per lb and the most-active October contract LHV2 fell 0.375 cent at 95.85 cents. wholesale beef market, choice cuts fell 52 cents to $267.94 per hundredweight (cwt), according to the U.S. September feeder cattle futures FCU2 rose 1.45 cents to finish at 182.9 cents per lb. October live cattle broke through the high end of its 20-day Bollinger range during the session but failed to hold support above that key technical point. The front-month contract hit its highest since April 29. Blue Line Futures employees use only firm authorized email addresses and phone numbers.Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to their highest in more than three months on Wednesday, supported by concerns that supplies of higher end cuts of meat will tighten in the coming weeks, traders said.ĬME August live cattle futures LCQ2 settled 1.325 cents higher at 137.9 cents per lb and most-active October LCV2 ended 1.825 cents higher at 143.9 cents. 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. Trade Calendar Spread Options on Live Cattle futures. Arbitrage and spread opportunities with other commodities. Engage in price discovery for individual markets and manage price risk. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. Manage the risk inherent in livestock production and processing with CME Group Livestock products including live cattle, feeder cattle, and lean hogs. 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. Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. Past performance is not necessarily indicative of future results. All trading decisions will be made by the account holder. There is no guarantee that the advice we give will result in profitable trades. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Want to get our daily commentary and text alerts? Signup here: Blue Line Ag Hedge Subscriptionįutures trading involves substantial risk of loss and may not be suitable for all investors. With that said, a breakout above our 4-star resistance pocket could reignite the optimism with the next objective being closer to 90.00. We would not be surprised to see the market fail against this resistance. This area represents the 200-day moving average along with previously important price points which date back to the Spring. October lean hogs were able to reclaim some ground in yesterday's trade, but significant resistance near 86 remains.
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