Tag : cattle

I Am Bearish Cattle Prices
I Am Bearish Cattle Prices

Live Cattle Futures—Live cattle in the August contract is currently trading at 106.30 as now I am recommending a bearish position while placing the stop loss above the 10 day high standing at 108.50 as the risk is around $900 per contract plus slippage and commission. At the present time the chart structure is outstanding as prices went limit up…

Will Cattle Prices Hit Fresh Contract lows ?
Will Cattle Prices Hit Fresh Contract lows ?

Live Cattle Futures—Live cattle futures in the June contract settled last Friday at 115.05 while currently trading at 113.65 down about 240 points for the trading week hitting a 5 month low and now has traded lower for 10 consecutive sessions as this market has turned on a dime. Large money managed funds had record long positions as they have…

Cattle Prices Hit A 4 Month Low
Cattle Prices Hit A 4 Month Low

Live Cattle Futures—Live cattle in the June contract finished lower for the 4th consecutive session down 297 points at 115.37 as this market has absolutely collapsed over the last several days hitting a 4 month low. I have been talking about cattle for quite some time as I had a bullish bias and if you were long a futures contract…

I Remain Bullish Cattle Prices
I Remain Bullish Cattle Prices

Live Cattle Futures—Live cattle futures in the June contract is currently trading lower by 95 points at 120.62 after settling last Friday in Chicago at 119.00 up about 160 points for the week continuing its bullish momentum. If you are long a futures contract continue to place the stop loss at the 118.30 level as an exit strategy as I…