MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Thu Oct 31, 2013 11:14 AM CDT

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
  • Dodge Down Corn Conditions have been right for stalk rot and ear molds in corn in many parts of the Midwest this ...
  • Beef Checkoff Questioned Agriculture Secretary Tom Vilsack said Monday he might take action to offer his own changes to th...
  • Chrysler: What's New for 2015 Here's something you don't want to do at a media event for seasoned automotive journalists from a...
  • Farm Investors Welcome Why own farms when you can own shares in a farmland pool? The advent of agriculture's first real ...
  • Rents Resist Price Relief Growers in bellwether corn states expect to make money on bushels -- not price -- in 2014, farm m...
  • GE Critics Range as Skeptics An ad-hoc committee of 18 scientists is tasked by the National Research Council with examining th...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl helps readers wrestle with reality of health insurance costs, congressional inacti...
  • Ag Innovation Showcase At the sixth annual Ag Innovation Showcase in St. Louis this week, start-ups in search of investo...
  • Ask the Vet What can I do to prevent the spread of facial warts in my herd?
Related News Stories
DTN's Quick Takes
Making Sense of it All
DTN Before The Bell Grain Comments
DTN Technically Speaking Blog
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
Newsom on the Market