Cattle & Hogs

Live Cattle (December) Click here to get our daily reports emailed to you!

Live cattle futures opened sharply lower in yesterday’s session, but as mentioned in our daily commentary (sent out before the open) and in our interview with RFD-TV, perhaps this is the bearish headline that creates the capitulation we need to mark a near term bottom. If the Bulls can find some relief through today’s session and close above our pivot pocket from 127.825-128.30, we could see that lead to more relief and a run back at the 100-day moving average, 130.725.