Chart of the Day – February Live Cattle

Jeff FosseGeneral Commentary Leave a Comment

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

Jeff FosseGeneral Commentary, Livestock

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 …

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. …

Livestock Update

John WalshGeneral Commentary, Livestock

Commentary: LIVE The meat market has a lot to consider at present, as all markets do. The Covid has taken its toll on demand and is a consideration. The cattle weights remain high and this is an issue. The March demand story that had consumers buying to stock the freezer to get through a couple weeks has turned into a …