| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 155.525 +4.24% on 03/20/23 | | 162.125 unch on 03/31/23 | +0.775 (+0.48%) since 02/28/23 |
| 3-Month | 155.525 +4.24% on 03/20/23 | | 162.125 unch on 03/31/23 | +4.175 (+2.64%) since 12/28/22 |
| 52-Week | 146.600 +10.59% on 05/31/22 | | 162.125 unch on 03/31/23 | +13.375 (+8.99%) since 03/28/22 |
April bulls to bring back commodity buying
In my opinion, some valuable information has been presented this week. At the top, the grain stocks report showed a little lower corn stocks, but increased acres for this year's crop by 3&1/2 million....
Following the quarterly Hogs and Pigs update from NASS, lean hog futures ended with a triple digit loss in April to a new contract low and an 80 cent gain in the October contract. That spreading was influenced...
The May feeder cattle contract missed out on new contract highs set across the rest of the live cattle and feeder futures. For April live cattle the 80c gain on Friday left the contract at a net $5.35...
PURE HEDGE CATTLE Cattle prices this week rallied sharply with the April live cattle contract settling at 168.350 and the March Feeder cattle contract settling at 192.40. Moderate to active fed cattle...
Front month lean hog futures are trading mixed with the nearby contracts down by as much as 95 cents, but the deferred fall months up by as much as 40 cents. The National Average Base Hog price was 2 cents...
Live cattle futures are trading with 22 to 42 cent gains so far. Feeders are up by $0.95 to $1.32 at midday. USDA confirmed 50k head of cash cattle trade on Thursday, with prices from $165 to $172. The...
These are some of the levels to keep an eye on, into and after the report:
The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.
| 3rd Resistance Point | 162.125 |
| 2nd Resistance Point | 162.125 |
| 1st Resistance Point | 162.125 |
| Last Price | 162.125s |
| 1st Support Level | 162.125 |
| 2nd Support Level | 162.125 |
| 3rd Support Level | 162.125 |
| 52-Week High | 162.125 |
| Last Price | 162.125s |
| Fibonacci 61.8% | 156.194 |
| Fibonacci 50% | 154.363 |
| Fibonacci 38.2% | 152.531 |
| 52-Week Low | 146.600 |
