Category Archive

Cattle markets remain stagnant with February Live Cattle continuing to trade within the November 21st trading range (121.475 – 119.80) and January Feeder Cattle pulling back to the 200 DMA (147.70). It is also within its November 21st trading range (150.00 – 147.05). Cash markets remain quiet with limited trade at 116.00 for live cattle and at 183.00 for dressed …

The start of the new week saw the cattle markets trade within their Wednesday trading ranges. January Feeder Cattle is consolidating between the Wednesday high at 150.00 and support at 148.425. Aggressive traders could buy a breakout above 150.00, expecting the market to test resistance at 151.55 and then 152.30. Place stops in accordance to your account size and risk …

The February Lean Hogs contract is now the lead contract as its volume has overtaken the December Hogs. It made a new high early in the trading session reaching 69.50 before breaking down hard and making the session low at 66.875. The market had been rallying on speculation the Chinese will eventually have to purchase US Hogs because of the …

January Feeder Cattle tested support at 146.20 early in the trading session, making the session low just above it at 146.275. It made its way higher the remainder of the day, repeatedly bucking horns with the 200 DMA at 147.725 and dipping lower before making the high at 148.075 at the end of the session. It settled just above the …

Cattle markets made an early attempt at a rally today before stalling and falling to the lower end of the day’s trading ranges. January Feeder Cattle tested the 200 DMA at 147.725, making the high at 148.00 and then trading to the low of the day at 146.125. It settled unchanged at 146.975. The low tested the key level at …

Lean Hogs rallied today as African swine fever fears spread through the market. A major Chinese feed company Tangrenshen Group said one of its subsidiaries’ feed tested positive for the disease. This increases concern that China has been unable to control the disease and its spread throughout the country. There have been over 50 cases of the disease found in …

The Cattle markets took one to the chin today making new lows for the down trend.  Frustrated longs were in liquidation mode as the December Live Cattle broke down nearly going down limit. It tested the 113.90 support level while the January feeders tested its support at 143.50. Both markets settled above their support levels giving hope for a retracement …

January Feeder cattle continued its break down after yesterday’s pause, trading to a new low at 145.45. The low is just above support at 145.05 and continued weakness could see price test the 144.20 and then 143.50 support levels. Resistance is at 146.20 and then 147.30. December Live Cattle continued to trade within the Monday range as it tested support …

Cattle markets broke down through the lower end of their trading ranges on Monday, November 5, 2018. December Live Cattle traded below the October 12th low at 116.025 and broke down to support at 114.65, making the low at 114.35. It bounced from here and settled at 115.325. If settlement holds on Tuesday a test of resistance at 116.55 is …

Cattle and Hog markets continue to trade within their trading ranges. Cattle markets traded back to the middle of their trading ranges while Hogs made a new high then fell back into its range. January Feeder Cattle held its 200 DMA (147.70) and bounced. It traded up to resistance at 149.975, making the high just above it at 150.40 and …