NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Mon Nov 3, 2014 05:14 AM CST

Live Cattle: The December contract closed at $166.05, up 2.575 for the month. The major (long-term) trend remains up as the December contract established a new high of $170.00 in October. Monthly stochastics remain above the overbought level of 80%, but have for the majority of months since September 2010.

Feeder Cattle: The November contract closed at $228.475, down $6.95 for the month. While the November contract established a new high of $230.80, it did close lower for the month hinting at a possible change in the major (long-term) trend. In conjunction with the lower close, monthly stochastics posted ...

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