December Live Cattle Well it looked favorable in early action as the December live cattle contract opened higher at 113.050 and pressed up above the channel line to post a high 113.925 before getting rudely turned back. Prices subsequently get rejected through open turning negative on the session as they retreat below the dominant channel resistance. The contract …
Thursday AM US Weather Report from WxRisk.com
THURSDAY AM RADAR – FAST EAST LOADING RADAR Moderate rain over central and northeast MT, areas of moderate rain over central and ne ND… scattered showers over WCB, western PA, VA, western NC. RAINFALL LAST 24 HRS ending 0700 cdt 14 SEPTEMBER 0.25-1.0″/ 6-25mm 50% coverage eastern MT / western ND … and over IND, OH, KY with similar rainfall amounts …
Preliminary 30 Day US Weather Forecast from WxRisk.com
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 TOMORROW, Thursday, September 14th. REGISTER NOW. For those interested in technical analysis, John Lunney, Senior Technical …
Livestock Levels
Live Cattle The October Live Cattle contract broke down at the open and tested support (106.20) on Wednesday, September 13, 2017. It traded down to a low at 105.40, consolidated just above it and started to rally at the time of the fedcattleexchange.com auction. Price strengthened throughout the day, reaching the high (107.75) at the end of the session. A …
Bull Rush?: December Live Cattle
December Live Cattle The cattle played out in a close fashion to what we had anticipated with an am dip to support at roughly 110.800 and a subsequent recovery above the 112.300 mark. Now what? is the question. The market settled right below the major resistance channel which came in today at 113. Should the market be able …
Daily Gold Report
Gold dipped on Wednesday, erasing earlier slim gains as the dollar index moved into positive territory, though a retreat in global stocks after Tuesday’s record high kept the metal hemmed within a narrow range. For the session December gold futures fell $4.70 to close at 1328.0 and below our first support level for the week. With today’s close, I potentially …
Livestock Levels
Live Cattle The October Live Cattle contract broke down and tested support on Tuesday, September 12, 2017. It fell below the Monday low and traded down to a low at 106.00, just below support (106.20). A trade below here on Wednesday could see the 104.875 support level tested. Support then comes in at 103.00. A breakout above the 107.95 high …
Daily Gold Report
Gold fell to its lowest in more than a week on Tuesday as easing concerns over North Korea’s nuclear ambitions and the impact of Hurricane Irma tempered demand for the metal as a haven from risk while the dollar strengthened. World stocks hit record highs for a second straight day on Tuesday as investors opted for nominally higher risk-assets over havens …
Fenced In: December Live Cattle
December Live Cattle As suggested in yesterday’s post the December live cattle contract had a difficult time breaching the overhead channel line which set the high in Monday’s session and came in lower today at 113.300. In today’s action the market posted a high at 113.025 and backed off to close just off the lows of 111.400 at …
Ag Commentary
The USDA report was important in my opinion. These numbers were well above the average guess domestically and were on the high side of the global stocks as well. this is significant for various reasons. partly because the USDA continues to estimate a larger global trade. In essence we are growing carryovers to global highs with exceptional demand. If demand …