Livestock Roundup

Watch us on RFD-TV, today at 9:45 AM CT! Live Cattle (April)

Live cattle traded into our 4-star support pocket on Friday, we have had that defined 119.40-119.90 and have been talking about it since January 22nd as being a retracement point. We’ve been talking about reentering long positions that were reduced at higher prices and this is the pocket we’ve been waiting for. A break and close below support would neutralize our bias.........Click this link to read the FULL report and receive our daily commentary

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Support: Feeder Cattle (April)

Feeder cattle continue to be rangebound. We tested and failed against technical resistance on Thursday/Friday, 145.175-145.80. In Friday’s report we noted “if you are bearish, this is a spot to consider selling against”. If the Bulls cannot find their legs out of the gate this morning, we could see a continuation towards 140-141, but that will be a buying opportunity on the first test.........Click this link to read the FULL report and receive our daily commentary

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Support: Lean Hogs (April)

Lean hogs finally got the pullback everyone has been looking for, for the last three weeks. We think the market is over extended but remain optimistic on lean hogs and the livestock sector as a whole. Pullbacks and consolidation after the move we have seen are welcomed. We would like to see a retracement back near the 80.00 handle to revisit the long side. Don’t confuse that as a bearish stance. We have seen massive momentum plays in commodities over the last 8 months and do not want to step in front of the train. Tops and bottoms are a process, not a point.........Click this link to read the FULL report and receive our daily commentary

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Previous Session Bias:

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