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Live Cattle Futures—Cattle futures in the December contract settled last Friday in Chicago at 109.90 while currently trading at 112.40 up about 250 points for the week as prices are right at a 4 week high. I am keeping a close eye on a possible bullish position come next week as the 10-day low stands at 107.25 which is too…
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SOURCE: Getty Images Lean Hog Futures—Hog prices are trading far above their 20 and 100 day moving average as this trend has been remarkable to the upside and if you take a look at the daily chart as I have talked about in previous blogs there was a head and shoulders bottom chart pattern that developed as that can predict…
Lean Hog Futures— Hog futures in the October contract is trading sharply higher this Thursday afternoon in Chicago limit up 300 points or 4.89% at 64.37 looking to advance these gains on tomorrow’s open as prices gaped open on the daily chart. I’ve been recommending a bullish position from around the 50.75 level and if you took that trade continue…
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