Livestock Roundup

Live Cattle (October)

October live cattle continued to drift lower during Friday’s session, erasing gains and filling the gap from Monday’s breakout move. Last week’s cash cattle trade in the south had the bulk near 123, this was one higher from the previous week. In the north, sales ranged from 125-128, softer than the previous week. Last week’s trade is looking like a false breakout as the market settle back into the range that it had been stuck in for the last few months, 126-129(ish)............Click this link to read the FULL report and receive our daily commentary

Resistance: 132.65-132.85** Pivot: 129.875-130.475