Livestock markets all start the week in the red, with Cattle futures down for consecutive sessions and Hogs closing below long-tern support. Grains lower as the overnight trade ends. Copper started the week with a new contract high, Gold & Silver firmer this morning.
Chart of the Day – May Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, March 13, 2025 May Feeder Cattle (Daily) May Feeders closed at 281.525 today, down 0.35 on the day. They did close lower, but have strung together 5 consecutive days of new contract highs. If you look back, the previous streaks like that …
5 Minutes on the Markets – 03/13/2025
Contract High close in Feeders, Live Cattle staying strong. Grains up a little overnight, Beans erase yesterday’s losses, Wheat markets turning up? Gold, Silver and Copper charts indicate uptrends.
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 – 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 – Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 3, 2024 January Feeder Cattle After starting the week off with a drop of 2.625 on Monday, January Feeder Cattle rallied back up by 2.450 to close at 259.30 on Tuesday. Setting aside Friday’s holiday-shortened session, this is the highest close …
State of Confusion in Cattle
The cash market has been breaking down the past month as packers have regained control of the price action, in my opinion. The Equity markets have been under pressure as traders worry about economic conditions. Cattle and Feeder cattle are still relatively close to their all-time highs as the rest of the commodity markets for the most part is well …
Feeder Cattle Call to Action
Packers have been able to knock down cattle prices up North bringing them closer to the south. Last week Live prices ranged from 185.00 to 194.00. We’ve seen the Feeder Index fall as futures prices collapsed as cattle buyers pulled back and were able to get cheaper prices. No sales have climbed as sellers balk at low prices. Sellers have …
Livestock Update
Commentary: The Live board closed down. The nearby limit again. As indicated Thursday the market is not signaling a low yet. The fundamentals continue to point to potentially further losses. The issue is two fold. First the packer appears to be slowing the slaughter rate. This would cause a backup and continue to pressure prices. Second, the pork market is …
Livestock Update
Commentary: CATTLE The Live market under considerable pressure again today. The cutout values declining considerablly in the last 10 days. There are concerns that are real that the slaughter will continue to slow. The numbers for the week prove this is grounded in reality. The shutting of the JBS plant is of concern as well and falls in line with …
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