Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planking trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Cattle futures are currently 25 to 50 cents higher after closing 15 to 40 higher on Thursday. Wholesale prices were lower yesterday. Choice boxes were down $1.09/cwt, with Select product down $2.25/cwt. The choice/select spread widened to $9.63. Southern cash cattle trade has been $152-153. The trade average guess for the Cattle on Feed report this afternoon has August 1 at 97.21% of year ago on August 1, with July placements down 9.5% from last year and marketings down 9% as well. USDA will also issue a Cold Storage report showing the beef inventory in coolers as of July 31.