Live Cattle On Monday May 21, 2018, the August Live Cattle contract opened (99.25) near the low (99.15), and traded higher for the remainder of the day reaching 101.225. This was a limit move to the up side, but it couldn’t stay up limit and it pulled back and settled at 100.625. It couldn’t move past resistance at 101.625 and …
Livestock Report
Live Cattle On Wednesday May 16th, 2018, the June Live Cattle contract opened (102.50) lower, traded to the early low at 102.15 and then rallied to the session high at 103.75. It failed and broke down, trading to the low of the day at 101.65. It settled at 101.825. This is just above support at 101.625. A break down below …
Livestock Report
Live Cattle On Tuesday May 15th, 2018, the June Live Cattle contract gap opened (104.525) lower, up ticked to the high (104.575) and collapsed, trading through support (104.20, 103.00) and made the low at 102.225. It bounced off the low and traded in a range (103.825 – 102.825) the remainder of the day. It settled at 102.975. It settled at …
Livestock Report
Live Cattle On Monday May 14th, 2018, the June Live Cattle contract continued to consolidate between the April 30th high (107.825) and the May 1st low (103.825). It opened at the session high (106.85) and broke down, trading all the way down limit by the end of the day. It ended the day down limit and sets a bearish tone …
Livestock Report
Live Cattle On Friday May 11th, 2018, the June Live Cattle contract continued to consolidate between the April 30th high (107.825) and the May 1st low (103.825). The Thursday new high (108.10) did little to help cattle break away from the consolidation band. It opened (107.85) below the Thursday high and up ticked to the session high (108.05), also below …
Livestock Report
Live Cattle On Thursday May 10th, 2018, the June Live Cattle contract continued to consolidate between the April 30th high (107.825) and the May 1st low (103.825). It started the day near the session low and support, opening at 105.475 and trading down to 104.975. The low is just above the 104.85 support level and buyers came in here and …
Livestock Report
Live Cattle On Wednesday May 9th, 2018, the June Live Cattle contract continued to consolidate between the April 30th high (107.825) and the May 1st low (103.825). The Wednesday trade took place with a high of 107.10 and the low at 105.35. It settled near the low at 105.675. It started the day strong, trading above the Tuesday high (106.925), …
Livestock Report
Live Cattle On Tuesday May 8th, 2018, the June Live Cattle contract continued to consolidate between the April 30th high (107.825) and the May 1st low (103.825). The Tuesday trade took place with a low of 104.60 and the high at 106.925. It settled near the high at 106.30. The high was above resistance at106.025 and the low was just …
Livestock Report
Live Cattle On Monday May 7th, 2018, the June Live Cattle contract continued its consolidation between the April 30th high (107.825) and the May 1st low (103.825). The Monday trade took place with a high of 106.275 and the low at 104.85. It settled near the low at 105.175. The high was just above the key level at106.025 and the …
Livestock Report
Live Cattle On Tuesday May 1st, 2018, the June Live Cattle contract broke down below support at 104.20, trading to the session low at 103.825. With the 21 DMA also providing support at 104.025, and trendline support at 104.325, the spike down was bought and price rallied the rest of the session. It rallied past the early high and stopped …