INO.com’s Daily Market Analysis
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LIVESTOCK: August live cattle closed down $2.75 at $115.52 today. Prices closed nearer the session low today on profit taking. The cattle market bulls and bears are on a level overall near-term technical playing field.
August feeder cattle closed down $3.47 at $145.97 today. Prices closed nearer the session low today. The feeder cattle bulls and bears are on a level overall near-term technical playing field amid very choppy trading.
August lean hogs closed down $0.37 at $78.30 today. Prices closed near mid-range today. More profit taking was featured. Bulls still have the overall near-term technical advantage.