I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
Live and Feeder Cattle markets saw a bit of bearish profit taking yesterday, ahead of today Cattle on Feed, Cold Storage and Inventory reports. Fundamentals (supply/demand) remain bullish and I would be very surprised to see the reports reflect something bearish. Seasonally, Cattle prices tend to ease (not top) in August, following these reports. Lean Hogs traded both sides of the 50- and 5-day moving averages yesterday, before settling higher. Grain markets are all in the red this morning, as growing conditions remain very good here in the US. Since my last update here, my charts indicate new trade signals in Corn, Cotton, Sugar, Coffee, Cocoa and Crude Oil.