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Livestock Futures Commentary
April live cattle closed up $0.60 at $95.70 yesterday. Prices closed near the session high yesterday and set a fresh contract high. The cattle market bulls have the solid overall near-term technical advantage. While there are no significant technical clues that a market top is close at hand, the...
Livestock Futures Commentary
April live cattle closed up $1.20 at $94.15 yesterday. Prices closed nearer the session high and hit a fresh nine-month high yesterday. The cattle market bulls have the overall near-term technical advantage and gained more technical power and momentum yesterday. Prices are in a three-month-old...
Livestock Futures Commentary
April live cattle closed down $0.15 at $91.77 yesterday. Prices closed near mid-range yesterday in quieter trading. The key "outside markets" were in a mostly bearish posture for cattle yesterday, as the U.S. dollar index was firmer, while crude oil prices were lower. No significant chart damage...
Livestock Futures Commentary
April live cattle closed steady at $92.30 yesterday. Prices closed nearer the session high yesterday. The bulls still have the solid near-term technical advantage as prices hover near nine-month highs. Prices are in a 10-week-old uptrend on the daily bar chart. Bulls' next upside price objective...
Livestock Futures Commentary
April live cattle closed up $1.37 at $92.15 yesterday. Prices closed near the session high yesterday and hit another fresh eight-month high. The key "outside markets" were in a fully bullish posture for cattle yesterday, as the U.S. dollar index was lower, while gold, crude oil and the U.S....
Livestock Futures Commentary
April live cattle closed up $0.45 at $90.85 yesterday. Prices closed near mid-range yesterday and also closed at a fresh three-week high close. The key "outside markets" were in a mostly bullish posture for cattle yesterday, as the U.S. dollar index was weaker, while crude oil and gold prices...
Livestock Futures Commentary
April live cattle closed down $0.70 at $88.67 yesterday. Prices hit a fresh five-week low and closed near the session low yesterday as fresh near-term chart damage was inflicted yesterday. Bulls and bears are on a level near-term technical playing field. A seven-week-old uptrend on the daily bar...
Livestock Futures Commentary
April live cattle closed down $0.37 at $90.17 yesterday. Prices closed near mid-range yesterday and were pressured on profit taking from recent gains. Bulls still have the overall near-term technical advantage. A seven-week-old uptrend is still in place on the daily bar chart. Bulls' next upside...
Livestock Futures
April live cattle closed up $0.65 at $91.17 yesterday. Prices closed near the session high yesterday and hit a fresh five-month high. Bulls have gained solid upside near-term technical momentum recently. A five-week-old uptrend is in place on the daily bar chart. Bulls' next upside price...
Livestock Futures Commentary
February live cattle closed down $0.77 at $85.40 yesterday. Prices closed near the session low yesterday after hitting a fresh seven-week high early on. Price action yesterday also scored a big and bearish "outside day" down on the daily bar chart yesterday. Price action yesterday also negated...
Livestock Futures Commentary
February live cattle closed up $0.75 at $85.60 yesterday. Prices closed near the session high and hit a fresh three-week high yesterday. A bullish USDA cattle-on-feed report on Friday help support gains in the cattle market yesterday. Short covering and fresh speculative buying interest were...
Livestock Futures Commentary
February live cattle closed up $0.67 at $83.95 yesterday. Prices closed nearer the session high yesterday and saw more short covering. Bulls have gained some fresh upside technical momentum amid cash cattle market fundamentals that are showing improvement. However, the bulls have more work to do...
Livestock Futures Commentary
February live cattle closed up $0.10 at $83.30 yesterday. Prices closed near the session low yesterday. Cattle market bears have the solid overall near-term technical advantage. A six-week-old downtrend is in place on the daily chart. However, it's price moves like last week's that do put in...
Livestock Futures Commentary
February live cattle closed up $0.25 at $85.72 yesterday. Prices closed nearer the session high yesterday and were supported on tepid short covering in a bear market. Bears still have the overall near-term technical advantage in cattle. A six-week-old downtrend is still in place on the daily...
Livestock Futures Commentary
February live cattle closed up $0.40 at $85.82 yesterday. Prices closed near mid-range yesterday and did hit a fresh two-week high on short covering in a bear market. The key "outside markets" were in a bullish posture for cattle yesterday, as the U.S. dollar index was solidly lower while crude...
