Chart of the Day – Feeder Cattle

Jeff FosseGeneral Commentary Leave a Comment

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 …

Feeder Cattle Call to Action

Sean LuskLivestock

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

John WalshGeneral Commentary, Livestock

Commentary: LIVE CATTLE The cattle opened lower today. The close was locked limit. Look for follow through. The expanded limits after yesterdays close did not help. The talk of discount to cash means little to the market. It should be remembered that it has rarely of late. The weights remain high during a difficult time. The consumer is spent after restocking. …