Livestock Roundup 11.3.2021

Live Cattle (December)

December live cattle were able to catch a gust of wind and go with yesterday, after defending technical support from 127.825-128.30. We’ve defined this pocket as a MUST HOLD level, noting that a failure to hold that pocket could lead to additional technical selling. Resistance remains intact from 131.175-131.925. If the Bulls can chew through this pocket, we would mark higher highs, which could get.....Click here to get our (FULL) daily reports emailed to you!

Bias:

Previous Session Bias:

Resistance:

Support:

Feeder Cattle (January)

In yesterday’s report we talked about Monday’s capitulation at 12:56 PM CT potentially being the catalyst to form a near term low. With yesterday’s price action, it looks to be confirmed. The Bulls wat to see a conviction close back above 158.175-158.55 to encourage another leg higher and a push towards.....Click here to get our (FULL) daily reports emailed to you!

Bias:

Previous Session Bias:

Resistance:

Support:

Lean Hogs (December)

Lean hog futures were the weak link yesterday, pulling back to 74.075. Not all hope is lost for the Bulls, but they have their work cut out for them. If the Bulls fail to defend Friday’s low, 73.80, we could see another retest of the low end of the recent range, 71.275-72.50. On the resistance side of things, the first objective is.....Click here to get our (FULL) daily reports emailed to you!

Bias:

Previous Session Bias:

Resistance:

Support:



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