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.
Live cattle futures settled 32 cents lower to 2 cents higher. Feeder cattle were mostly higher with August leading the way, up 60 cents on the day, settling at $219.60. Pasture and range conditions continued to improve in the weekly USDA report. The CME feeder cattle Index was up another 48 cents at $222.01. Wholesale beef prices were higher on the day with Choice boxes up 82 cents and Select boxes up $1.58. Estimated week to date FI slaughter is 117,000 head, much lower than last week due to the holiday, but off 8K from the same period a year ago.