Livestock Roundup | 11.30.21

Live Cattle (February)


February live cattle gave back all of Friday’s gains, trading the opposite of what conventional wisdom would suggest, over the last two sessions. As mentioned on RFD-TV yesterday morning, we are still friendly live cattle but would like to see the market pullback and consolidate. A market that stairsteps higher is generally more sustainable than one that goes straight up. The market did close below our pivot pocket from 140.075-140.55, which could open the door for a pullback to .....Click here to get our (FULL) daily reports emailed to you!

Bias:

Previous Session Bias:

Resistance: