Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The December Live Cattle contract tested the 200 DMA (115.575) this morning, reaching the session high at 115.725 before failing and breaking down on Monday, October 2, 2017. It broke down below the 100 DMA (114.50) and traded to the lows at 113.35. It ended the session at 113.375.  A continued break down could lead to a test …

Cattle, NASD, TNotes

Alan PalmerGeneral Commentary

Today-Nasd-  5998 OLS-  this is the market to pay attention to if you want to sell something short..  5998-6002 has 4 levels of potent mix.  A pretty powerful  trigger.  We took out early and finished the buying by 10am cst.  FANG the FANGS as these have convinced the masses, millennial’s especially add in the index funds and this is setup …

Grabbing The Bull By The Horns: December Live Cattle

John LunneyGeneral Commentary

December Live Cattle      In Friday’s writings the development of a daily Doji formation was covered addressing the potential bearish nature of the candle structure. We witnessed in today’s price action the market reacting in such a fashion. After opening unchanged for the session prices came under pressure as they established value below Friday’s candle body. The decline attempted …

Daily Gold Report

Sean LuskPrecious Metals

Gold and Silver retreated again on Monday trading down to multi month lows before recovering near the close. December gold lost $9.00 to close at 1275.8, while silver firmed at the close to finish Monday’s session at 16.67 down only 2.5 cents. Higher bond yields sent the Dollar soaring while equity futures continue their unrelenting rally. Simply put a higher …

Ag Commentary

John WalshGrains

The markets were down across the board without much opportunity for a rally. The weather has been conducive to harvest and looks to have a open window going forward. The average yield remains within the range of expectation as far as the USDA estimates go. The market will watch harvest closely this week for any changes. In addition the upcoming …

Weekly Gold Report

Sean LuskGeneral Commentary

December gold futures finished the week losing $12.70 cents to close at 1284.8. Silvers losses were more pronounced as the December contract lost 30 cents for the week to close at 1667.5. Both precious metals have been reeling since making yearly highs on September 8th. Gold has given back over $80.00 in value while silver has lost a whopping $1.61. …

Re-Ride: December Live Cattle

John LunneyGeneral Commentary

December Live Cattle        Re-ride is a rodeo term referring to when a cowboy gets another ride because the bull refused to buck. This describes today’s market action as we saw prices fail to move with conviction in any direction as they opened and closed at the same price to finish basically unchanged for the day. One point …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The December Live Cattle contract consolidated the Wednesday gains on Thursday, September 28, 2017. It traded slightly above the Wednesday high (115.325), reaching 115.375 just below the 200 DMA (115.525), but above the 100 DMA (114.725). It ended the session at 115.275. Trading above the 200 DMA could lead to a test of the September 22 high at …

Locking Horns: December Live Cattle

John LunneyGeneral Commentary

December Live Cattle      The December cattle contract its claw back from the rug pull we witnessed following last Friday’s report. The question is whether this rebound is impulsive in nature or not. If the latter is true then the selloff from the recent high would be labeled a (iv) wave correction as it did not overlap into wave …

Ag Commentary

John WalshGrains

The USDA will release numbers tomorrow. The soy complex was in a general retreat today. yield reports remain solid across the board. The weather for Brazil is improving with up to 2 inches and 70% coverage.  The production possibility for Brazil will remain high with the moisture situation sorted out. the Argentinian is still in question. The markets are not …