Tag : livestock futures

Cattle Prices Sharply Lower
Cattle Prices Sharply Lower

Live Cattle Futures—Live cattle futures in the August contract are sharply lower this Wednesday afternoon in Chicago down 190 points at 104.90 as I’ve been recommending a bearish position from around 106.30 level & if you took that trade continue to place to stop loss above the 10 day high standing at 108.47 as the chart structure will improve later…

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…

Cattle Prices Remain Bearish
Cattle Prices Remain Bearish

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Hog Prices Look Weak
Hog Prices Look Weak

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Hogs Finish Limit Down 300 Points–Look At Trading Theory
Hogs Finish Limit Down 300 Points–Look At Trading Theory

  Lean Hog Futures—Hog futures in the June contract is currently lower by 177 points at 87.90 trading right at major support still hovering right near 8 week lows as the volatility certainly remains high. The fact that the United States did not make a trade deal with China is bearish livestock prices and especially hogs and if you think…

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 Sharply Lower
Cattle Prices Sharply Lower

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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…