Cow Tipping: October Live Cattle

John Lunney General Commentary Leave a Comment

October Live Cattle      Once again the cattle market closed right around speed line support at 106. The contract did post a new low to 104.200 after making a early high at 107.475. It does appear that the most recent decline from the 109.750 seen on the 28th represents a five wave structure and could be of a terminating …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract rallied to the high (107.475) of the day in the first 10 minutes of trading on Thursday, August 31, 2017. It tested and failed to overtake the 107.60 resistance level and reversed course and broke down to the low (104.20) of the day by mid-morning. This is below the 104.875 support level, making …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract broke down and made another test of the 104.875 support level on Wednesday, August 30, 2017.  It made the session low at 104.95 just above the support level.  The October contract grinded higher off the low and ended the trading session at 106.225, just above the 106.20 resistance level. The session resulted in …

Daily Gold Report

Sean Lusk General Commentary Leave a Comment

Gold steadied on Wednesday, as a stronger dollar pushed the metal off Tuesday’s 9½-month high, but the precious metal remained above $1,300 on renewed tensions between Washington and North Korea. The greenback rose 0.6 percent versus a currency basket following stronger-than-expected private payrolls data. The move marked the greenback’s recovery from a 2½-year low hit Tuesday after North Korea fired a …

Coin Flip: October Live Cattle

John Lunney General Commentary Leave a Comment

October Live Cattle       I really thought the picture would get a lot clearer after today’s session. Instead, however, the cattle market fails to impress or disappoint as today’s action leaves the October contract basically unchanged. Prices do manage to post a modest shadow low at 104.950 and climb back above the previously mentioned 106 level to fend …

Wednesday AM US Grain Weather Full Report

walshtrading Weather Leave a Comment

For the complete report, CLICK HERE. For those interested in grains, Walsh Trading hosts a FREE Weekly Grain Outlook webinar every Thursday at 3PM CST. This webinar is hosted by Sean Lusk, Director, Walsh Commercial Hedging Services. Sean will hold his next Grain Outlook webinar on Thursday, August 31st. REGISTER NOW. If you cannot attend live a recording will be …

Cattle Crossing: October Live Cattle

John Lunney General Commentary Leave a Comment

October Live Cattle        The October live cattle market turned south today and managed to hold up right at the previously defined breaking point of 106. This level represents the angled speed support line which has been holding this market together. In order to stave off further losses the market will have to rebound from here. A hold …

Ag Commentary

John Walsh Grains Leave a Comment

The dollar today continues its path lower. This should be watched. The dollar weakness can have impact on the grain trade and we are a bit off the highs and a bit weaker than I thought possible. The soy complex for me is a bit difficult in here. I remain macro bearish based on the long term fundamentals . The …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

Dovish central bank Presidents that have echoed dovish commentary on short term interest rates along with continued geopolitical chaos in Washington have sent the Dollar spiraling lower while ushering in new longs in the precious metals sector. On top of that the devastation that continues in south Texas due to hurricane Harvey that continues to wreak havoc along the gulf …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract rallied to trendline resistance on Monday, August 28, 2017, trading up to 109.75, just below the trendline at 109.775. It couldn’t sustain the rally and pulled back below the 21 DMA (109.05) and the 108.675 support level, ending the day at 108.55. It formed a shooting star candle for the second day in …