INO.com’s Daily Market Analysis
It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.
LIVESTOCK: December live cattle closed down $0.45 at $116.20 today. Prices closed nearer the session low today. The cattle market bulls still have the overall near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart.
January feeder cattle closed up $0.67 at $150.82 today. Prices closed near mid-range today. The feeder cattle bulls have the overall near-term technical advantage. However, a seven-week-old uptrend on the daily bar chart has been negated.
December lean hogs closed up $0.55 at $64.30 today. Prices closed nearer the session high and hit a two-month high today. Bulls have the firm overall near-term technical advantage.