Live Cattle On Tuesday July 17, 2018 the August Live Cattle contract consolidated after Monday’s limit up move. A nominal new high (107.60 vs. Monday’s 107.55) above the 107.35 resistance level failed to attract buyers. Price pulled back nearing the 106.025 support level, with the session low at 106.125. It settled near the low at 106.425. A breakdown below the …
Livestock Report
Live Cattle On Friday July 13, 2018 the August Live Cattle contract consolidated in a quiet trading session as traders waited for cash to trade and the cash market waited for futures to make any kind of a move. The cash trade by the futures close had not traded as packer bids remained lower than last week’s trade and producer …
Livestock Report
Live Cattle On Wednesday July 11, 2018 the August Live Cattle contract continued its descent, trading down past the 103.00 support level on its way to the session low at 102.70. It recovered off the low and settled at 103.85. If cattle can recover from settlement a test of the 104.20 – 104.85 resistance zone is possible. Resistance then comes …
Livestock Report
Live Cattle On Tuesday July 10, 2018 the August Live Cattle contract broke down and approached the 104.85 support level, making the low at 105.10. It settled nearby at 105.45. If cattle can recover from settlement a test of the 106.025 resistance level is possible. Resistance then comes in at 107.35. A breakdown below the low could see support tested …
Livestock Report
Live Cattle On Monday July 9, 2018 the August Live Cattle contract opened at 106.85 and traded to the high at 107.325. This is right at the key level at 107.35. It broke down from here trading to the low at 105.775. This is below the 106.025 support level, but it held and settled above it at 106.125. A bounce …
Livestock Report
Live Cattle On Thursday July 5, 2018 the August Live Cattle contract consolidated in a quiet trading session. It traded in a range from 107.575 high to the low at 106.30, settling near the low at 106.375. A breakdown below the 106.025 support level could lead to a test of support at 104.85. A bounce off the Thursday low could …
Livestock Report
Live Cattle On Monday July 2, 2018 the August Live Cattle contract made another new high for the up move trading up to 108.45, just shy of resistance at 108.65. It didn’t remain up here for long as cattle pulled back and settled at 106.90. A failure from settlement could see price test support at 106.025 and the 104.85. A …
Livestock Report
Live Cattle On Friday June 29, 2018 the August Live Cattle contract blew past resistance (104.20 – 104.85), closed the Cattle on Feed gap (105.525 June 22 low – 104.90 June25 high) and kept going higher. It took out resistance at 106.025 and went limit up for the day. It settled at the limit price at 106.725. A continuation higher …
Livestock Report
Live Cattle On Wednesday June 27, 2018 the August Live Cattle contract opened at 102.50, traded to the early high at 102.925 then grinded lower, trading to the low at 101.65, just above support at 101.625. An end of day rally took price to a new high for the session at 102.95. This is just below the 103.00 resistance level. …
Livestock Report
Live Cattle On Tuesday June 26, 2018 the August Live Cattle contract opened steady at 102.90, traded to the high at 103.725 then broke down, trading through the 103.00 support level on its way to the low at 102.00. It settled at 102.425. A breakdown below the low could see price test support at 101.625 and then trendline support at …