A bit of a mixed day in livestock markets on Tuesday. Where does that leave us on the charts midweek?

Live Cattle (August)
August live cattle futures fell short of posting a new contract high , snapping a three day streak of doing so, probably healthy for the market to catch it’s breath. Yesterday’s low coincides with Friday’s low, creating a but of a support pocket to keep an eye on, 216.00-216.15. Below that and 214.50 would be the next objective. On the resistance side, 219.325-220.05 is the pocket to watch on a closing basis.
Resistance: 220**, 225*
Pivot: 216.00-216.15
Support: 214.50**, 211.00-211.725**, 208.475-209.00
Daily Cattle and Beef Summary
Cutout values were firm on Tuesday afternoon with choice cuts 4.51 higher to 371.76 and select cuts .91 higher to 359.84. Slaughter on Tuesday was reported at 119k head. The 5-area average price for live steers was reported at 230.00 on very light volume. The CME Feeder Cattle Index is at 314.04 with the NBW Real Time Index at 315.19.
Seasonal Tendency Update
(updated 6.9.25)
Below is a look at historical price averages for August 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 500 futures and options contracts, brining the net long down to 131,805.
Check out the Charts to this Article Here: https://bluelinefutures.com/2025/06/11/a-bit-of-a-mixed-day-in-livestock-markets-on-tuesday-where-does-that-leave-us-on-the-charts-midweek/
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