Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract reversed course on Wednesday, August 23, 2017, as the declining 13 DMA (107.625) provided resistance for the second day in a row. The session high (107.90) poked above the moving average and then Live Cattle broke down and traded down to test support at 106.00. It made its low at 105.775 and ended …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract rallied on Tuesday, August 22, 2017, breaking out above Monday’s inside candle and trading to resistance at the 13 DMA (108.225).  The high of the day was 108.325 and the market pulled back from here, ending the session at 107.65.  Resistance remains at the 13 DMA and then 108.675. A rally above the …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract tried to rally on Wednesday, August 16, 2017, trading up to 109.70 mid-morning before breaking down to the session lows at 108.075. This is just below the 108.675 support level and a small bounce had the October contract end the day at 108.525. A rally above 108.675 could lead to a test of …

livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract tested the 106.00 support level on Tuesday, August 15, 2017, trading down to a new low for the move at 105.75. Support held and Live Cattle rallied from the low.  The market closed above resistance (108.675). A rally above the session high (109.575) could lead to a test of resistance at 110.80. A …

MACRO ALTERNATIVE US, TY, CATTLE STOCKS Index

Alan PalmerAsset Management, Energy, Livestock

Subject; Other markets, Cattle and everything I find relevant TEN YEAR NOTES- TREASURY SECURITIES.  OLIVE ALERT LIVE.  Start selling bond portfolio long term, 6-9 months or longer.  Grains, this game is over to speculators, bears will sell all way up and this might turn into one of those long grueling bear markets.  Good things down road but do you want …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract saw follow through to the down side on Thursday, August 10, 2017, as it broke through the107.60 support level and tested support at 106.00. The low for the day is 106.40 and it ended the session at 106.45. If the 106.00 support level is taken out, we could see the 104.85 level tested. …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract was slammed at the open on Wednesday, August 9, 2017, and then traded down to test support at 108.675, making the early low at 108.625. It spent the next 3 hours consolidating at the low before breaking down and nearly going down limit. The low for the day is 107.875 and the session …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract broke down through Monday’s low on Tuesday, August 8, 2017, trading down to 110.175 and ending the session near the low at 110.40. It closed below the 110.80 support level and the next support level to challenge is the April 5th low at 108.675. Resistance is at 112.425 and 113.70. The failure to …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The October Live Cattle contract opened (113.825) lower fell on Monday August 7, 2017, and then collapsed, trading down limit and ending the session at the lows. The rejection at the 200 DMA (115.325) on Thursday fueled the breakdown and the October contract has now made a new low (111.10) for the move, trading below the July 31st …