Tag : livestock futures

Cattle Prices Lower Off Report
Cattle Prices Lower Off Report

Cattle Futures—Cattle futures in the June contract are sharply lower down 110 points at 121.57 reacting negatively off of the cattle on feed report which was released last Friday. I have been talking about cattle for quite some time and I still believe higher prices are ahead & if you are long a futures contract I would continue to place…

Cattle Prices Look Bullish
Cattle Prices Look Bullish

Live Cattle Futures—Live cattle futures in the June contract settled last Friday at 121.45 while currently trading at 122.50 up over a 100 points for the trading week continuing its bullish momentum. If you are long a futures contract I would continue to place the stop loss at 118.70, however the chart structure will start to improve in next week’s…

Can Cattle Break 130 ?
Can Cattle Break 130 ?

Live Cattle Futures—Live cattle futures in the June contract settled last Friday in Chicago at 120.35 while currently trading at 121.45 right near a 3 week high. I have talked about cattle in many previous blogs as I still believe higher prices are ahead and if you are long a futures contract continue to place the stop loss under the…

Cattle Prices Higher 2nd Day In A Row
Cattle Prices Higher 2nd Day In A Row

Live Cattle Futures—Live cattle futures in the June contract is trading higher for the 2nd consecutive trading session up another 20 points at 120.77 in a lack luster trade. If you are long a futures contract I would continue to place the stop loss under the 2 week low which now has been raised to 118.70 as an exit strategy…