Livestock Levels

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract stalled on Monday, September 11, 2017. It traded within Friday’s range forming an inside candle. A breakout above the 107.95 high could see price test the 108.675 resistance level. Continued strength could see movement towards the 110.80 resistance level. A failure from the 106.825 low could see price test support at 106.20 and …

Barbed Wire? : December Live Cattle

John LunneyGeneral Commentary

December Live Cattle      The December live cattle market is bumping up against resistance on a down sloping upper channel line which has so far contained the what appears to be a non-impulsive correction stemming from the high established in early June. I currently have labeled this downtrend an (a-b-c) structure which terminated at the lows seen in mid …

Ag Commentary

John WalshGeneral Commentary

The soy complex is awaiting next Tuesdays numbers. The job of making predictions is mute till we see the numbers. Some thoughts. The Brazilian crop will go up as more acres will be planted. The Argentinian may favor feedgrains. The USDA has no reason to alter the projections month to month. No guarantees in life however. The issue going forward for …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract rallied from the open on Thursday, September 7, 2017. It pushed past resistance at the short-term moving averages (the 8 DMA (105.85), 13 DMA (106.15) and the 21 DMA (106.575)) and rallied to trendline resistance at 107.45 reaching a high of 107.675. It failed from the trendline and fell back below the 21 …

Daily Gold Report

Sean LuskGeneral Commentary

The price of gold rose to a one-year high on Thursday after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank. The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications …

Ag Commentary

walshtradingGrains

The soycomplex today was mostly quiet. There are many currents running here. The central belt remains a bit dry. The Delta is potentially going to be struck with the hurricane effects. This story however may be in the final stages. The reality of the market is that the conditions have held up just fine. It is my contention that the …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract consolidated within Tuesday’s trading range on Wednesday, September 6, 2017. Bears couldn’t take price down below the Thursday low (104.20), but bulls couldn’t sustain rallies as each attempt was sold. Resistance is at the declining short-term moving averages (the 8 DMA (105.90), 13 DMA (106.10) and the 21 DMA (106.75)). The session high …

Cowpoked: October Live Cattle

John LunneyGeneral Commentary

   October Live Cattle       Another uninspiring session unfolds in the October live cattle contract as the market once again closes below the 106 level at 104.700. I am still proposing that the market get nudged lower here and am not looking for anything dramatic based on the divergence of momentum and the underneath channel line support. A …

Daily Gold Report

Sean LuskPrecious Metals

After reaching new yearly highs yesterday off of fears of nuclear proliferation with North Korea, longs in gold booked profits today as headlines in Washington D.C. took top step for investors.The gold market saw selling pressure right after midday news reports that President Trump said he will support a three-month extension to the U.S. debt limit. That would keep the …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract traded in a choppy volatile range on Tuesday, September 5, 2017. It broke down to the early session low (104.35) before surging to the high (106.45) by mid-morning. The October contract then spent the rest of the day grinding lower, and it made a new low (104.30) for the day at the end …