Loading…
December live cattle hit their highest level since May 1 within an uptrend that began in September. Technical analysis notes slowing momentum indicators, while lean hogs remained range bound.
Technical strength in live cattle reflects sustained buying interest, while the range-bound hog market signals limited directional pressure on pork-linked feed demand. Momentum slowing raises the risk of a near-term correction.
dtnpf.comTregg Cronin DTN Contributing AnalystOct 28, 2019Not 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.
