Veterans Day Monday, but markets open
Copper has been very volatile for the past few days trading. Based on the last 3 bars, lower prices seem most likely.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Educational and actionable information using Fibonacci and W. D. Gann analysis.
WASDE Report Numbers and the Cattle Market Black Hole
Cattle and hogs struggle to end the week lower
Live cattle futures fell 80 cents to $2.125 on Friday, as the Boxed Beef values continue to slip lower. December was down $2.22 on the week. Cash trade this week settled in with Northern sales of $186-188...
Lean Hog futures settled Friday with contracts down 47 to 77 cents in the nearbys, but up 7 to 42 cents in most others. December fell $3.65 on the week. The national average base hog negotiated price was...
In my opinion, a great deal of resolve has been seen this week. A new Presidential administration, the Fed lowered rates, and cattle/beef seemingly made highs for which few were willing to pay.
Live cattle futures are falling $1 to $2.25 so far on Friday, after the Thursday PM Boxed Beef print showed a collapse. Futures gapped lower at the open. Cash trade has started to kick off, with light...