The Cattle markets took one to the chin today making new lows for the down trend. Frustrated longs were in liquidation mode as the December Live Cattle broke down nearly going down limit. It tested the 113.90 support level while the January feeders tested its support at 143.50. Both markets settled above their support levels giving hope for a retracement …
Livestock Report
January Feeder cattle continued its break down after yesterday’s pause, trading to a new low at 145.45. The low is just above support at 145.05 and continued weakness could see price test the 144.20 and then 143.50 support levels. Resistance is at 146.20 and then 147.30. December Live Cattle continued to trade within the Monday range as it tested support …
Livestock Report
Cattle markets broke down through the lower end of their trading ranges on Monday, November 5, 2018. December Live Cattle traded below the October 12th low at 116.025 and broke down to support at 114.65, making the low at 114.35. It bounced from here and settled at 115.325. If settlement holds on Tuesday a test of resistance at 116.55 is …
Livestock Report
Cattle and Hog markets continue to trade within their trading ranges. Cattle markets traded back to the middle of their trading ranges while Hogs made a new high then fell back into its range. January Feeder Cattle held its 200 DMA (147.70) and bounced. It traded up to resistance at 149.975, making the high just above it at 150.40 and …
Livestock Report
Cattle and Hog markets continue to trade within their trading ranges. Cattle markets are trading in the lower end of their ranges while Hogs are trading in the upper end of its range. January Feeder Cattle broke down and made a new low (147.575), challenging the 200 DMA at 147.70. It held and Feeders settled at 148.10. A break down …
Livestock Report – Live Cattle
December Live Cattle struggled on Monday, October 29, 2018. With cash trading as high as 115.00 on Friday, traders were hoping for price to challenge the higher end of the trading range. When it couldn’t trade above the Friday 118.80 high, sellers were able to put pressure on price. It couldn’t take advantage of Friday’s strong trade in both the …
Livestock Report – Live Cattle
December Live Cattle recovered from Thursday’s loss on Friday, October 26, 2018. It formed a bullish outside candle as it traded back into the upper part of its 116.025 to 119.75 trading range. It made its high for the day at 118.80 and settled nearby at 118.40. Futures started the day on a weak note, opening below Thursday’s settlement and …
Lean Hog Call Strategy
Hog option strategy. In my opinion, I think Hogs will strengthen further, I am looking at Call option strategies with Put hedge’s. Hogs are highlighted from swine fever, from the world’s largest producer China, with Europe and Russia having the same issue, the Chinese head counts being culled by some 300,000 also Russia and Europe having to do the same. …
Livestock Report
The cattle markets continued their choppy trade on Wednesday, October 24, 2018. Both markets rallied and tested upper resistance levels. January Feeder Cattle saw buyers come in and lift prices above resistance at 152.30 to the session high at 152.425. Sellers came in and took price lower and Feeders settled at 151.35. This below the 151.55 key level and follow …
Livestock Report
The cattle markets couldn’t follow through to the upside on Tuesday, October 23, 2018. Both markets broke down and traded below the Monday lows. Buyers came in and lifted prices from the lows and they settled in the middle of their trading ranges. January Feeders can trade above 152.30, a test of resistance at 153.50 is possible and then 154.25. …