Live Cattle The December Live Cattle contract broke down on Tuesday, October 17, 2017 as analysts’ estimates for the upcoming Cattle on Feed report were revealed. Analysts are predicting another bearish report on Friday afternoon. Price tested the 8 DMA (117.425), reaching a high of 117.475 early on in the session, before breaking down mid-session and trading to the session …
Medium or Rare? : December Live Cattle
December Live Cattle How would you like your steak sir? That describes the current state of the December Live Cattle market as the key technical level of 116.325 was violated in today’s session. This piercing of the 1st wave high is what I have been leaning on to assess the future price path of the cattle futures. This …
Full US and South American Grain Weather Issues Report from WxRisk.com
For the complete US and South American Grain Weather Issues Report, CLICK HERE. For those interested in Grains, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook webinar. Sean will hold his next Grain Outlook webinar on Thursday, October 19th. REGISTER NOW. If you cannot attend live, a recording will be sent to your inbox …
Livestock Report
Live Cattle The December Live Cattle contract consolidated on Monday, October 16, 2017. It formed a doji candlestick while testing support at the 116.55 level, making the low at 116.525. It made the high at 117.525, just above the 8 DMA (117.40). It ended the session in between at 117.10. A breakdown below 116.55 could lead to a test of …
Daily Gold Report
Gold and silver futures are retreating in aftermarket trading on Monday after posting three week highs at the end of last week. Geo-political tensions were cited as one of the reasons for both silver an gold to trade up and through their 50 , 100, and 200 day moving averages on Friday October 13th. Gold settled on Friday at 1304.6, …
Rejón de Muerte ?: December Live Cattle
December Live Cattle Rejon de Muerto translates into the ” lance of death” and refers to the sword used by the Matador to kill the bull. This swift and violent act has not yet transpired in the live cattle market but the blade has been drawn as the market approaches the wave high of 116.325. Once again the …
Livestock Report
Live Cattle The December Live Cattle contract failed again at the 119.15 resistance level on Thursday, October 12, 2017. It made a weak attempt at mid-session to test this level, making the day’s high at 119.00. It broke down from here and traded down to support at the 8 DMA (116.875) and 116.55, making the low in between these levels …
OK Corral: December Live Cattle
December Live Cattle The Gunfight at the O.K. Corral was a 30-second shootout between lawmen and members of a loosely organized group of outlaws. Well an equally brief battle between the bulls and the bears played out in the live cattle market when the selloff approached the 1st wave high of the structure at 116.325. Just past …
Daily Gold Report
Gold and silver markets today traded slightly lower for the session as the market awaited the 1 pm FOMC minutes announcement. December gold settled 1288.9 down $4.90 while silver settled at 17.13 down 3.5 cents. The minutes from the latest FOMC meeting saw members generally agreeing that a quarter point December interest rate hike is in the cards. There was not …
Livestock Levels
Live Cattle The December Live Cattle contract made a new high for the current up move on Tuesday, October 10, 2017, trading up to 119.10, just below the 119.15 resistance level. Trade was led by the October contract, which nearly went up limit; missing by .375. If the December contract fails to rise above the 119.15 resistance level, some consolidation …