PURE HEDGE CATTLE April live cattle rallied $1.325 to end the week at $165.425; which marked a 5-cent weekly rise. March feeder cattle futures rose $1.425 to $190.00, while the April contract surged $2.175 to $196.025. That was a weekly gain of $2.45 for the April contract. History in the form of the 10-year average implies cash cattle prices will …
Livestock Report
Walsh Trading Daily Insights Commentary April Feeder Cattle broke out above resistance at 195.40 early in the trading session. It raced to the session high at 196.825 and then collapsed, trading down to the low at 193.20 and settling near low at 193.85. The breakdown took price to just above support at 193.00 and it held for the day. The …
Lean Hog Commentary
Lean Hog futures finished lower for all contracts today as there was a lot of weakness in the market early on but upon the close the April contract showed nice resilience by rebounding off the lows to settle at 84.950. Deferred months couldn’t find the same buying interest as the June contract finished 92.5 cents lower settling at 100.80. Noon …