Cattle futures finished higher today for both the fats and feeders. Market fundamentals are strong to start this week which is driving these prices and looking like a breakout in the market. Last week the cash trade was higher and the expectation is that this week will be more of the same as far as strong cash. Packers are still …
Livestock Report
Walsh Trading Daily Insights Commentary March Feeder Cattle behaved like driftwood on Friday, just meandering around the key level at 185.80 all session. The high came in at 186.45 and the low at 185.425 with settlement above the key at 186.10. It was a quiet session after a wild and crazy week of price action in my opinion. It traded …
Livestock Report
Walsh Trading Daily Insights Commentary March Feeder Cattle couldn’t handle success on Wednesday. It made a new high for the recent up move at 186.575 and promptly turned lower and kept on going until it reached the Friday low at 182.70. It settled nearby at 183.25. The low touched and bounced off support at the same level. This breakdown occurred …