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DTN's monthly technical review shows June live cattle closing at $114.925 after a new low of $113.90 in April. August feeder cattle closed at $140.375 after a new low, and June lean hogs closed at $81.70 in an uptrend.
The analysis uses retracement levels to frame support and resistance.
The chart signals suggest continued cattle price weakness near term while hog prices hold firm, which affects feed demand across species. Feed buyers may see cattle feeding margins tighten.
dtnpf.comDarin NewsomMay 1, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
