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A Colorado State analyst says live and feeder cattle charts show signals that the multi-year downtrend is ending, with feeder cattle recovering above $130 support after a $20 rally since mid-October. The analyst notes herd expansion and soft demand remain the fundamentals.
A technical trend reversal suggests possible price support for cattle, but the analyst still sees weak fundamentals that cap the rally.
u.osu.eduSmith atFeb 1, 2017Not 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.
