Livestock Roundup

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

October live cattle fell off a cliff early Friday morning as futures broke below our support pocket from 127.00-127.05. This opened the door for a drop towards our next support, near 125.625. Futures were able to defend that and rally into the afternoon, finishing the session and the week in positive territory. We have had a bearish bias recently, but Friday’s impressive reversal is hard to ignore and lowers some of the conviction we would otherwise have...........Click this link to read the FULL report and receive our daily commentary