Livestock Markets
Corn and wheat were leaders to the upside at the start of the week but fell back in today’s trading after failing against technical resistance. A healthy correction or more downside to come?
Headline risk from the outside markets trickled into money flow in commodities through today’s trade. Here’s how things shook out and a few important headlines.
A choppy end to last week’s trade for livestock markets. Expect more of the same with today marking the last trading day of the month and quarter.
Cattle futures post their longest winning streak since May, can the rally continue?
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?
Cattle futures traded into technical resistance late last week but failed to stage a breakout move. Does the market have enough gas in the tank for more upside?
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?