Livestock Roundup

Published on: 19:10PM Sep 04, 2019

Livestock Roundup

Live Cattle (October)

October live cattle continue to struggle as optimism for front month contracts seems rather mute.  We have been waving a caution flag on October futures for the past several weeks and continue to look out to April for value on the buy-side.  With the October contract, we wanted to see buyers step in with conviction after the hard break last month.  The lack of interest after a deep discount indicates that there may be something more troublesome behind the scenes.  Now, October is fighting against the clock. 

Resistance: 101.675**, 103.75-104.85***

Pivot: 100

Support: 97.775-98.10****


Feeder Cattle (October)

October feeder cattle managed to work higher on the back of a softer session in the corn market.  The market looks firm and could take prices back towards....Sign you for your FREE 2-week trial!


PM Boxed Beef / Choice / Select

Current Cutout Values: / 230.65 / 208.95

Change from prior day: / (.01) / 2.67)

Choice/Select spread: / 21.70


Lean Hogs (December)

December lean hogs failed to find follow through momentum after closing at the upper bounds of resistance in yesterday’s session, we have had that defined as 65.825-66.525.  If the bulls can chew through this resistance pocket, we could see an extension towards....Sign you for your FREE 2-week trial!

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