Lean Hogs have been grinding higher since mid-August, corrected, and have now broken through the top of the pennant. However, there is additional overhead resistance to fight through. Given the overbought...
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Hogs and cattle markets bounce back to end week on a positive note
Grains Rallied as The Livestock Markets Recoup Some of the Week's Losses
Lean hog futures closed out the Friday session with contracts anywhere from 75 cents to $2.30 higher. Feb hogs managed to squeeze out a nickel gain this week. The national average base hog negotiated price...
Live cattle futures posted Friday gains of 62 cents to $1.85, as Feb was down $3.625 on the week. A few cattle have exchanged hands this week at $195-195.50 in the North, steady from last week, with light...
In my opinion, the line in the sand is definitive. Bulls are more bullish and bears are more bearish.
Lean hog futures are trading with $1.20 to $1.65 nearby gains so far on Friday. The national average base hog negotiated price was not reported on Friday morning due to light volume, with the 5-day rolling...