The cattle markets responded in a bullish manner to the Cattle on Feed report on Monday, October 22, 2018. Both markets opened higher and rallied throughout the trading session. January Feeder Cattle traded up to resistance at 152.30, reaching its high at 152.00. It settled at 151.725. Continued strength could push price up towards resistance at 153.50 and then 154.25. …
Livestock Report – Cattle on Feed
Cattle markets continued its lethargic trading on Friday, October 19, 2018. Traders seemed to be reluctant to push price in any direction in front of the Cattle on Feed report, preferring to stay range bound. Cash trade was quiet also ahead of the report. Cash has traded between 109.00 and 111.00 on a live basis and dressed at 173.00 to …
Livestock Report
Livestock markets continued it lethargic trading on Wednesday, October 17, 2018. The December Live Cattle market stayed within Monday’s upper range, while the January Feeder Cattle traded down to the Monday’s low and December Lean Hogs traded down to the lower end of its trading range. Ho hum… Look for a breakout past their trading ranges for the next possible …
Livestock Report
Livestock markets were stagnant on Tuesday, October 16, 2018. The December Live Cattle market traded within Monday’s upper range, while the January Feeder Cattle traded slightly higher and dipped into Monday’s range and December Lean Hogs ran up to resistance at 58.25 before falling back into Monday’s range. Ho hum… Look for a breakout past their trading ranges for the …
Livestock Report – Lean hogs
The December Lean Hogs staged a strong rally on Monday, October 15, 2018, trading up to 57.60 before retracing and settling at 56.75. It back in the middle of the 53.825 – 59.95 trading range. The pork cutout index (79.15) and the lean hog index (68.99) remain firm showing the cash market is holding up well and with the December …
Livestock Report
November Feeder cattle continues to trade in the lower part of its 159.90 – 155.525 trading range, with the Thursday October 11, 2018 range from 155.95 low to the 157.275 high. It settled at 156.75. A close below 155.525 could send price down towards 151.00. A rally past 157.30 could send price up towards the 159.90 high. A break out …
Pre-USDA, Buy Bearish Report?, LC FC OLS, KWZ SU, OJ
Good morning Strategic view CORN- Let’s see what the $3.60 bears can do. I like standing at my long term macro levels to buy. I made long term bottom call in corn on an org 3.43 support, and tiny OLB2 under 3.48ish. This was confirmed with a reversal down bar my sequence right into olive buy extreme. 5c sloppy. Buy …
Livestock Report – Feeder Cattle
Feeder cattle broke down to the lower part of its 159.90 – 155.525 trading on Wednesday October 10, 2018. It made its low at 155.725 and settled at 156.175. The aggressive purchasing of feeder cattle seems to have come to a halt. Muddy conditions in feedlots plus calf weaning and colder weather lead to illness risk creating a cautious buyer …
Livestock Report – Cattle
Cattle markets continue to trade in a range. Feeder Cattle is trading between 159.90 and 155.525. Live Cattle is trading between 119.75 and 116.625. The cash market on a live basis between 110.00 and 112.00 and dressed between 173.00 and 175.00. Boxed beef between 203.00 and 206.00. Supply and demand in a balanced (ho hum) state. What can alter the …
Managed Inflation Expectations, Bonds to Cattle
Good Pre Unenjoyment Thurs, Unemployment out Friday. I think we running a little hot. Watch wages. Bonds get tattooed on 4th olive buy attempt, 139.23, a low a couple times UNTIL ITS NOT. Long term macro opinion is wildly bullish inflation. I quoted 2.97% low tick for months but now long term interest rates are up over 13% to 3.37% …