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Cattle futures started the week mostly firmer. The October Live Cattle contract was the only one to finish mildly in the red. Technical indicators have been losing strength, but the trend is still up and fundamentally bullish. Having said that, both Live and Feeders are due for a retracement. Lean Hogs closed lower in the 2 front months, but the further out contracts all posted gains. Grains closed higher on Monday, led by double digit gains in KC Wheat. Perhaps the KC/Chicago Wheat spreads are due for a bullish turn. There is a WASDE report due Friday, so this week may see pre-report positioning/guessing. Corn seems to be in a short-term bullish trend, while Soybeans appear to be trading in a wide range for the past year or so. The Soymeal chart is looking more like the beginning of a bullish trend, to my eye. Bean Oil remains just above the 51.00 support level and has been unable to get too far away, up or down, from the 51.19 price gap that was recently filled.
My charts indicate new trades signals in Live Cattle, US Dollar Index, E-Mini S&P, NASDAQ 100 futures this morning.