MARKETS NEWS
Darin Newsom DTN Senior Analyst
Tue Nov 26, 2013 08:23 AM CST

Feb Live Cattle Moving Lower - For Now

The February live cattle contract established a secondary (intermediate-term) downtrend with its bearish key reversal the week of October 13. The contract then consolidated for a period of four weeks, before last week's meltdown led to a test of initial technical price support near $131.10, the 38.2% retracement level of the previous uptrend from $124.025 through the high of $135.45 (week of October 13).

This week has seen the contract stabilize, holding above last week's low of $131.25, yet unable to establish a strong rally. As the contract's weekly chart shows, the ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
USDA Weekly Crop Progress
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
Gulke: A Pro-Active Market
Technically Speaking Blog
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains