The break from 177.30 not only hit the short term target of the 173.22 major Gann square, but went on to complete the long term target of 61.8% at 168.25

Hogs recovered after the Thanksgiving week’s losses, closing Tuesday 1.2% to 3.2% in the black. Feb futures were $2.10 higher. USDA’s National Average Base Hog price was down another $0.42 to $58.43...

After hitting new lows for the move, live cattle futures rallied back $2.87 to $4.20 across the nearbys. The Feb contract was $1 off the session high, but still up by $4. Feeder cattle also bounced back...

Futures traders will spend countless dollars trying to outguess the cash markets direction.  Because I don't think the cattle market knows itself about direction,

Lean hog futures are currently $0.40 to $1 in the black for a net $1.17 recovery after Thanksgiving week’s losses. USDA’s National Average Base Hog price was down another $1.52 to $59.40. The CME Lean...

Live cattle futures tried to rebound at the Monday open, but contracts ended the day with $1.47 to $2.82 losses. Most of Monday’s action was compiling showlists, with a few $175 cleanup sales reported...

Hogs saw losses of 62 cents to $1.85 on Monday, with Dec the exception, up 30 cents. USDA’s National Average Base Hog price was reported at an average price of $58.85 in the Monday PM report on light...

Live cattle futures tried to rebound at the open, contracts ended the day with $1.47 to $2.82 losses. of today’s action is compiling showlists, with a few $175 cleanup sales reported in the South on...

Cattle Markets follow-through to the Downside

If cheap corn makes cheap cattle, then both are on their way.  Corn set new contract lows today.  Fat cattle set new contract lows today.  The agenda of rationing cattle is believed upon us.