Is the Low in for Cattle Futures?

Oliver Sloup, VP & Co-Founder, Blue Line Futures

Live Cattle

Technicals (February – G)

February live cattle futures finally got the price action that Bulls have been looking for, a gap and go morning with some conviction all the way into the close (hopefully we don’t jinx that). The Bulls need to see some follow-through in today’s trade and ideally a close out above 174.75-175.25. 

Resistance: 178.72-179.02**, 180.325-181.00***

Pivot: 174.75-175.25

Support: 168.00**, 166.25**

Seasonal Tendencies

Below is a look at historical seasonality’s (updated each Monday) VS today’s prices (black line). 

*Past performance is not necessarily indicative of futures results. 

Feeder Cattle

Technicals (January – F)

January feeder cattle futures finished yesterday’s trade locked limit higher which has gifted us expanded limits of 12.25 for today’s session.  So theoretically we could trade in a 24.50 range today (key word: theoretically).  223.00-224.52 is the hurdle the Bulls want to clear to encourage a bigger and more meaningful relief rally towards 230. 

Resistance: 232.20-233.50***

Pivot:  223.00-224.52  

Support: 216.40-218.00***, 210.00-210.50**

Seasonal Tendencies 

Below is a look at historical seasonality’s (updated each Monday) VS today’s prices (black line).

*Past performance is not necessarily indicative of futures results. 

Lean Hogs

Technicals (December – Z)

December lean hog futures were able to join the rally party yesterday, albeit on a much smaller scale.  We wouldn’t be surprised to see some follow-through in the early morning trade but 70.00-70.25 may prove to be too tall of an order on the first test.

Resistance:  74.00-74.500***

Pivot: 70.00-70.25 

Support: 67.15-67.80***, 65.40-65.67**

Seasonal Tendencies 

Below is a look at historical seasonality’s (updated each Monday) VS today’s prices (black line).

*Past performance is not necessarily indicative of futures results. 

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