NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Thu Oct 2, 2014 07:17 AM CDT

Live Cattle: The December contract closed at $163.475, up $12.05 for the month. The major (long-term) trend remains up as the December contract established a new high of $165.075 in September. Monthly stochastics remain above the overbought level of 80%, but have for the majority of months since September 2010.

Feeder Cattle: The October contract closed at $235.425, up $18.70 for the month. The major (long-term) trend remains up as the October contract moved to a new all-time high of $236.175 in September. Monthly stochastics are well above the overbought level of 80% but showing no signs of slowing buying ...

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