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Barchart analyst Jim Wyckoff says February live cattle futures have sold off sharply on technical selling and are now technically oversold, with RSI below 30. He sees a rebound as likely, with resistance at $226.75, a $245 upside objective and support at $220.
Historically tight U.S. beef supplies and solid consumer beef demand underpin the bullish fundamental backdrop, so a technical bounce could lift cattle prices, though this is routine chart commentary rather than a new supply shock.
barchart.comJim WyckoffNov 3, 2026Not 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.
