I post these videos every morning, every morning shortly after 8 AM central time. Check back tomorrow for another video!
Livestock futures were weak on Wednesday, but did do any significant damage to the charts. Both Live and Feeder Cattle did close well above their lows yesterday, maintaining the bullish trends. Lean Hogs didn’t drop much and have held 200-day moving average support, so far. Grains markets reversed the bullish trade from this time yesterday, finishing lower by the end of the day. Export Sales report came out at 7:30, decent sales data for Corn and Bean Oil, I think, Wheat and Beans, not so much. Flash sales announced in Corn and Soybeans after the report cam out may be supportive. The Fed left US rates unchanged yesterday, Bank of England lowered their rates by 1/4% this morning.