LIVESTOCK NEWS
The Last Round-Up?
Darin Newsom DTN Senior Analyst
Mon Nov 4, 2013 01:11 PM CST

To say live cattle have been bullish recently is an understatement. The market has been screaming higher, with the nearby December contract taking out the previous high of $134.50, albeit only by a few ticks, earlier this month. This would indicate the market remains in a major (long-term) uptrend, raising the question though of how much longer it will last.

Monthly stochastics (bottom study) show the market is approaching the overbought level of 80%. However, this doesn't automatically mean live cattle will be headed lower. Look back over the recent history of monthly stochastics, closely if you can, and you'll ...

Quick View
Related News Stories
A Gift for Learning
Five Countries Ban Canada Beef
US Feeder-Cattle Placements Seen Down
Cold-Weather Diet
Cattle Herd Growing, Slowly
The Market's Fine Print
Survey: US Cow Herd Grew in 2014
The Attraction of Youth
Certified at 99%
Two Sisters, One Bold Move