I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
New contract highs in Live and Feeder Cattle on Wednesday. Feeders are getting close to the top end of a trading channel and there is a Cattle on Feed report tomorrow afternoon. Both markets show no signs of slowing. Lean Hogs are trading in a narrowing range and bounced off the low side of it yesterday. Perhaps a bounce up toward 92.000 is possible. Corn and Soybeans were up a little yesterday and are firmer again in the overnight trade. Focus is still on the crop tour data, so far confirming that we have a large Corn crop coming and Bean Pod counts in IL and IA are higher than last year. Chicago Wheat is trading higher that it has for the past week or so and may be turning the trend.
My charts indicate new trade signals in Cocoa, Copper, US Dollar Index, E-Mini S&P and Unleaded Gas (RBOB) this morning.