Cattle and Hog markets continue to trade within their trading ranges. Cattle markets are trading in the lower end of their ranges while Hogs are trading in the upper end of its range. January Feeder Cattle broke down and made a new low (147.575), challenging the 200 DMA at 147.70. It held and Feeders settled at 148.10. A break down …
Livestock Report – Live Cattle
December Live Cattle struggled on Monday, October 29, 2018. With cash trading as high as 115.00 on Friday, traders were hoping for price to challenge the higher end of the trading range. When it couldn’t trade above the Friday 118.80 high, sellers were able to put pressure on price. It couldn’t take advantage of Friday’s strong trade in both the …
Livestock Report – Live Cattle
December Live Cattle recovered from Thursday’s loss on Friday, October 26, 2018. It formed a bullish outside candle as it traded back into the upper part of its 116.025 to 119.75 trading range. It made its high for the day at 118.80 and settled nearby at 118.40. Futures started the day on a weak note, opening below Thursday’s settlement and …
Lean Hog Call Strategy
Hog option strategy. In my opinion, I think Hogs will strengthen further, I am looking at Call option strategies with Put hedge’s. Hogs are highlighted from swine fever, from the world’s largest producer China, with Europe and Russia having the same issue, the Chinese head counts being culled by some 300,000 also Russia and Europe having to do the same. …
Livestock Report
The cattle markets continued their choppy trade on Wednesday, October 24, 2018. Both markets rallied and tested upper resistance levels. January Feeder Cattle saw buyers come in and lift prices above resistance at 152.30 to the session high at 152.425. Sellers came in and took price lower and Feeders settled at 151.35. This below the 151.55 key level and follow …
Livestock Report
The cattle markets couldn’t follow through to the upside on Tuesday, October 23, 2018. Both markets broke down and traded below the Monday lows. Buyers came in and lifted prices from the lows and they settled in the middle of their trading ranges. January Feeders can trade above 152.30, a test of resistance at 153.50 is possible and then 154.25. …
Livestock Report – Cattle
The cattle markets responded in a bullish manner to the Cattle on Feed report on Monday, October 22, 2018. Both markets opened higher and rallied throughout the trading session. January Feeder Cattle traded up to resistance at 152.30, reaching its high at 152.00. It settled at 151.725. Continued strength could push price up towards resistance at 153.50 and then 154.25. …
Livestock Report – Cattle on Feed
Cattle markets continued its lethargic trading on Friday, October 19, 2018. Traders seemed to be reluctant to push price in any direction in front of the Cattle on Feed report, preferring to stay range bound. Cash trade was quiet also ahead of the report. Cash has traded between 109.00 and 111.00 on a live basis and dressed at 173.00 to …
Livestock Report
Livestock markets continued it lethargic trading on Wednesday, October 17, 2018. The December Live Cattle market stayed within Monday’s upper range, while the January Feeder Cattle traded down to the Monday’s low and December Lean Hogs traded down to the lower end of its trading range. Ho hum… Look for a breakout past their trading ranges for the next possible …
Livestock Report
Livestock markets were stagnant on Tuesday, October 16, 2018. The December Live Cattle market traded within Monday’s upper range, while the January Feeder Cattle traded slightly higher and dipped into Monday’s range and December Lean Hogs ran up to resistance at 58.25 before falling back into Monday’s range. Ho hum… Look for a breakout past their trading ranges for the …