# Livestock Futures Tilting Scales Higher

> DTN's technical analysis finds a bullish momentum divergence in July lean hogs and August live and feeder cattle, with prices making new lows while momentum indicators turned higher. Managed funds cut their net-long in live cattle to 87,039 contracts, the smallest since December.

- Date: 2019-05-20 · published 2019-05-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5751-livestock-futures-tilting-scales-higher
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The divergence signals a possible start to an intermediate-term uptrend if prices clear recent corrective highs, and reduced fund length leaves room to rebuild positions.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2019-05-23 | 1 | +5.6% | 6.3 | Bullish momentum divergence in August feeder cattle and fund net-long liquidation to multi-month lows suggest oversold conditions that could fuel a sharp short-covering rebound. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2019/05/20/livestock-futures-tilting-scales

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.