Live Cattle On Friday June 29, 2018 the August Live Cattle contract blew past resistance (104.20 – 104.85), closed the Cattle on Feed gap (105.525 June 22 low – 104.90 June25 high) and kept going higher. It took out resistance at 106.025 and went limit up for the day. It settled at the limit price at 106.725. A continuation higher …
Livestock Report
Live Cattle On Wednesday June 27, 2018 the August Live Cattle contract opened at 102.50, traded to the early high at 102.925 then grinded lower, trading to the low at 101.65, just above support at 101.625. An end of day rally took price to a new high for the session at 102.95. This is just below the 103.00 resistance level. …
Livestock Report
Live Cattle On Tuesday June 26, 2018 the August Live Cattle contract opened steady at 102.90, traded to the high at 103.725 then broke down, trading through the 103.00 support level on its way to the low at 102.00. It settled at 102.425. A breakdown below the low could see price test support at 101.625 and then trendline support at …
Livestock Report
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 …