Live Cattle The December Live Cattle contract opened (115.05) below the 200 DMA (115.65) and found support at 115.00 then rallied to the high (117.375) of the day on Monday, October 19, 2017. It pulled back slightly and ended the session at 116.675, just above the key 116.55 level. If price can stay above 116.55, a test of the October …
Livestock Report
Live Cattle The December Live Cattle contract traded between the 8 DMA (117.275) and the 200 DMA (115.625) on Thursday, October 19, 2017; it reached a high of 117.40 and a low of 115.55 ending the session in the lower middle of the range at 116.275. It is still hanging around the key 116.55 level, unable to make headway on …
Livestock Report
Live Cattle The December Live Cattle contract broke down on the open (115.75) in front of the fedcattleexchange.com auction on Wednesday, October 18, 2017, trading to the low of the day at 114.525. It recovered from here and traded to the high of the day at 117.075. The auction had only 919 head for sale and had two accepted sales …
Livestock Report
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 …
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 …
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 …
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 …
Livestock Levels
Live Cattle The December Live Cattle contract made a new high for the current up move on Monday, October 9, 2017, trading up to 117.575, in quiet holiday trading. It couldn’t hold onto the high and broke down and tested the 116.55 support level, making the session low at 116.475. It formed a Doji candlestick as the market ended the …
Livestock Levels
Live Cattle The December Live Cattle contract found support on a test of the 8 DMA (114.775) making the low at 114.65 on Thursday, October 5. 2017. It grinded higher from the low and made the session high at the end of the trading session, reaching 116.325, just below the 116.55 resistance level. It ended up above the 200 DMA …
Livestock Levels
Live Cattle The December Live Cattle contract rallied early in the trading session testing resistance at 116.55, making the high just below resistance at 116.325 on Tuesday, October 4. 2017. It broke down from the high and traded down to the day’s low by the end of the session at 114.875. It ended the day at 115.05. It ended up …