Live Cattle It was a wild day in the June Live Cattle contract on Wednesday, April 4, 2018. It gap (Tuesday low – 99.55 to Wednesday open – 98.925) opened lower and broke down below support (97.375) making another new low for the move at 97.075. It reversed direction from here and soared. It closed the gap and consolidated and …
Livestock Report
Live Cattle The June Live Cattle contract continued on its downward spiral on Tuesday, April 3, 2018. It broke down below support (100.275) and made its way toward the 99.375 support level, making the low at 99.55. Rallies have been weak and the selling persistent. If this continues and Live Cattle breaks the 99.375 support level on Wednesday we could …
Livestock Report
Live Cattle The June Live Cattle contract made another new low (100.775) for the down move on Monday, April 2, 2018. It one again made an early attempt to rally that failed. It traded to 103.825, just below the low end of the 104.20 – 104.85 resistance zone. Once again the rally failed; and it broke down and traded to …
Livestock Report
Live Cattle The June Live Cattle contract made another new low for the down move on Wednesday, March 27, 2018. It traded down to 104.50, near the low end of the 104.85 – 104.20 support zone. It rallied off the new low to the high of the day at 106.425, just above resistance (106.025). Once again the rally failed; as …
Livestock Report
Live Cattle The June Live Cattle contract down move stalled on Tuesday, March 27, 2018. It opened (105.325) above the 104.85 – 104.20 support zone, traded to the low of the day at 104.90 and then rallied above resistance (106.025) to the high of the day at 106.675. The high was reached in the last 10 minutes before settlement. The …
Livestock Report
Live Cattle The June Live Cattle contract made yet another new low for the down move, trading to a low of 104.70 on Monday, March 26, 2018. The breakdown in the market took place after an early rally took Live Cattle up to the high at 107.30, which is the half way point of Friday’s range. The rally exhausted itself …
Trade Alert For Hogs, Sooie
Lean Hogs have gotten just hammered recently with tariff and trade war fears on top of already weak fundamentals, but the fall may be a bit of an overreaction into oversold territories. Maybe it’s not and more tariffs or supply fundamentals could have it fall further. April hogs are trading at a large discount to the cash market, which is …
Livestock Report
Live Cattle The June Live Cattle contract made another new low for the down move, trading to a low of 106.00 on Friday, March 23, 2018. It is right at the 106.025 support level and could be the key to trade on Monday. A break down below support and price could test the 104.85 – 104.20 support area. Support then …
Livestock Report
Live Cattle The June Live Cattle contract made another new low for the down move, trading to a low of 106.65 on Wednesday, March 21, 2018. It made an early test of the trendline (109.25) as it opened at 109.00 and up ticked to 109.125 before breaking down and trading through the 108.65 support level. It consolidated near 108.65 and …
Livestock Report
Live Cattle The June Live Cattle contract is now the lead contract as the volume is greater here than in April. June made another new low for the down move, trading to a low of 108.90 on Tuesday, March 20, 2018. It ended the day nearby at 109.05. It ended the day below trendline support (109.25) and above the 108.65 …