Livestock Markets
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?
Live cattle futures were able to trade to multi-month highs in yesterday’s trade as a red-hot cash trade starts to lure in more Fund participation.
Grains have been under heavy pressure for the last two weeks, but has the selloff shifted the risk/reward setups back to the buy side?
Lean hogs have been under heavy pressure for the last month and a half, but have started to show signs of life near the lows of the year. Has the risk/reward shifted back to the buy-side?
Livestock Bulls were disappointed in Tuesday’s trade. Will the mid-week intermission help the market stabilize or is there more pressure to come?
Cattle futures had an incredible move higher on Friday but failed to find follow through in Monday’s trade, despite a weaker grain trade. Has something changed?
Grain markets failed against technical resistance late last week which has led to weakness to start this week’s trade. Will a holiday week and July options expiration keep play a role in price action?
Lean hogs and cattle futures prices had an impressive day on Friday, will that momentum spill over into strength to start this week’s trade?