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 …
Chart of the Day – February Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 5, 2024 February Live Cattle On Thursday, the February Live Cattle closed down 2.000 at 186.325. That the lowest close since November 18th. As you can see on the chart above, the red trendline resistance, drawn off of the March and …
Fat Cattle Gameplan December 2024
Given the Fed mandate and intention of taming inflation amid a rally in the US Dollar, the last area in our view that we have seen price pressure has been in the livestock markets. A few reasons in our view for the three-month rally that began in early September. Per USDA, Cash Cattle prices are up over 20 cents from …