Livestock Roundup | 12.14.2021

Live Cattle (February)

February live cattle tripped stops below the recent lows but managed to rally into the afternoon session, a positive sign for the Bulls who were in despair early in yesterday’s session. As mentioned, several times over the last week, we see significant support from 137.50-137.85. We remain upbeat so long as we can continue to defend that pocket on a closing basis, a break and close below here would neutralize our optimism.....Click here to get our (FULL) daily reports emailed to you! Bias: Previous Session Bias: Resistance: Support: <