Live Cattle On Monday June 25, 2018 the August Live Cattle contract gap opened lower at 104.45, traded to the high at 104.90 then collapsed, as the weight of lower cash prices on Friday and the higher placements from the Cattle on Feed report put pressure on futures. The trade situation isn’t helping cattle also. While cattle shouldn’t be affected …
Livestock Report
Live Cattle On Friday June 22, 2018 the August Live Cattle contract opened at 105.85, traded to the low at 105.525 and then traded up to the session high at 106.60. It settled at1 05.90. It was a quiet session with traders waiting on the Cattle on Feed Report. A rally from the high could see price test resistance at …
Livestock Report
Live Cattle On Wednesday June 20, 2018 the August Live Cattle contract opened at 106.50, traded to the low at 106.10 and then broke out to a new high for the move, trading up to 107.625, just above resistance at 107.35. It backed off the high and settled at 106.65. A continuation to the upside could see price test resistance …
Livestock Report
Live Cattle On Tuesday June 19, 2018 the August Live Cattle contract opened at 10470, traded to the low at 103.30 and then burst higher, consolidated and then made the session high at the end of the day at 106.65. It settled at 106.425. The market tested the 103.00 support level early and held. With other markets (grains, crude oil, …
Livestock Report
Live Cattle On Monday June 18, 2018 the August Live Cattle contract opened at 104.95, traded to the low at 103.975 and then fought its way higher, grinding upwards and making the session high at the end of the day at 105.675 and settling nearby at 105.175. The settlement is just above the 104.85 resistance level. This will be the …
Livestock Report
Live Cattle On Thursday June 14, 2018 the August Live Cattle contract opened at 103.50, traded to the high at 103.825 and then fought its way lower, grinding down to the session low at 101.325 and settling nearby at 101.875. The settlement is just above the 101.625 support level. This will be the key for trade on Friday, in my …
Livestock Report
Live Cattle On Wednesday June 13, 2018 the August Live Cattle contract consolidated within the Tuesday range (104.80 – 103.25). The Wednesday range was 104.725 – 103.575. Trading below the Wednesday low could lead to a retest of support at 103.00 and then 101.625. A rally above the Wednesday high could retest resistance at 104.85 and then 106.025. On Wednesday …
Livestock Report
Live Cattle On Tuesday June 12, 2018 the August Live Cattle contract opened at 104.175 and traded down to the session low at 103.25. This is just above the 103.00 support level. Price grinded higher from the low and made the high at the end of the day at 104.80. It settled at 104.30. The high is just below resistance …
Livestock Report
Live Cattle On Monday June 11, 2018 the August Live Cattle contract opened at 106.25 and broke down to the early morning low at 105.175. It recovered and traded past the open to the high of the day at 106.675. It consolidated mid-session and then a late day swoon took price down past the early low on its way to …
Livestock Report
Live Cattle On Tuesday June 5, 2018 the August Live Cattle contract opened at 102.80 and traded to the session low at 102.20. It was able to rally off the low as the June contract led the way higher for the cattle market, rallying all day long and almost going up limit. The June contact is expiring at the end …