The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 13, 2025 April Live Cattle (Daily) Today, April Live Cattle closed at 196.525, up .800 on the day. Yesterday’s trade posted a bit of an equilibrium day, to my eye. Not quite a textbook Doji, as there was .100 difference between …
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 – 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 …
Chart of the Day – Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 10, 2024 February Live Cattle February Live Cattle settled 2.00 higher today, at 189.025, nearly matching the high close from last week. Monday’s trade activity posted a “Bullish Engulfment” on the candlestick charts, which is usually supportive, and traders pushed prices …
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 …
Chart of the Day – December Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity December Live Cattle The December Live Cattle contract finished the day up 0.62 at 185.40, roughly in the middle of the range today. They started off firmer in reaction to the election results, jumping to 186.60 and setting new highs for the week …
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 …
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 …
- Page 1 of 2
- 1
- 2