Livestock Analysis
Grain markets took out the previous day’s low but managed to recover and take out the previous day’s high, which may offer a technical tailwind for prices into the weekend.
Cattle futures have struggled to get out above significant resistance. Is the market setup for a breakout, or will seasonal weakness pressure prices into the back half of the month?
Headline risk continues to weigh on cattle futures. Are prices getting set to retest the lows?
Cattle futures were able to firm in Tuesday’s trade as the market continues to repair some of the technical damage that was done in the prior two weeks. How much more upside is there?
Cattle futures were under heavy pressure for much of last week but staged an impressive rally on Friday. Are the lows in or was that just a relief rally following a sharp selloff?
Livestock markets have been choppy to start the week, is that setting up for opportunities?
Oliver Sloup, Co-Founder of Blue Line Futures shares his take on today’s price action in the outside markets and how that could spill into some setups in grain and livestock prices.
Grain markets were meaningfully higher in the early morning trade but gave some gains back into the afternoon. Livestock markets continued their rally in Tuesday’s trade.
Lean hogs continue to repair damage that has been done over the last few months. Where’s overhead resistance?