The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 21, 2025 April Lean Hogs (Daily) April Lean hogs closed at 87.675 on Friday, down .850 on the day. That strings together 6 “bearish” days together, or day where the close was lower than the open. The April contract started the …
Chart of the Day – April Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 20, 2025 April Feeder Cattle (daily) April Feeder Cattle closed at 266.375 today, down 2.225. You might notice, by looking at the chart, that the market has held right along the 23% Fibonacci level for the past 10 sessions. Some of …
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 28, 2025 April Live Cattle (Daily) April Live Cattle settled up 3.450 today, closing at 207.275, setting another record-high of 207.725 and also a record-high close. That’s 5 days in a row, for those keeping track at home. You might see …
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, January 24, 2025 April Live Cattle April Live Cattle closed at 203.025 on Friday, gaining 2.30 on the, finishing off the week with 3 consecutive record high closes. That puts the April Fats up 8.750 this month (+4.5%) and if they can …
Chart of the Day – March Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 13, 2025 March Feeder Cattle March Feeder started off this week by dropping 1.50 to close at 267.90. Last week my news feed (and still some today) was talking about record-high cattle prices. There’s no mistake, cash cattle prices ARE historically …
Chart Of the Day – February Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, January 8, 2025 February Live Cattle Today, February Live Cattle closed at 193.70, down 1.875 on the day. This is just the second “red” or down day since Christmas, but it was a much larger move than the last down day, Dec …