• Oliver Sloup

Livestock Roundup

Watch us on RFD-TV, today at 12:45 PM CT! Export Sales Highlights for the period February 26-March 4, 2021. Beef: Net sales of 20,900 MT reported for 2021 were down 8 percent from the previous week, but up 17 percent from the prior 4-week average. Pork: Net sales of 32,400 MT reported for 2021 were down 46 percent from the previous week and 17 percent from the prior 4-week average. Live Cattle (April) Cash trade looks to be steady, yet again. This has kept the futures board stuck in the mud, which has kept many of our technical levels intact. Support comes in from 117.65-118.05, this pocket represents the 50% retracement from the recent range, the 100-day moving average, and other previously important price points. The Bulls want to achieve a conviction close back above 119.40-119.90 to encourage technical momentum to shift back higher, I’m not so sure it will be able to do it without help from the cash market.........Click this link to read the FULL report and receive our daily commentary

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Support: Feeder Cattle (April) April live cattle were able to get out above the pivot pocket which triggered a buying spree back to the breakdown point from March 1st, 142.07. If the Bulls can see follow through momentum, the potential for 145-146 is not out of the question. With that said, this is a choppy environment, so manage your risk and position size appropriately.........Click this link to read the FULL report and receive our daily commentary

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Support: Lean Hogs (April) April lean hogs look like they are gearing up for another run higher as concerns over ASF continue to mount. The recent consolidation was healthy for the market and brought the RSI (relative strength index) back to earth. Risk ranges remain wide as we expect volatility to persist.........Click this link to read the FULL report and receive our daily commentary

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