NEWS
Darin Newsom DTN Senior Analyst
Mon Sep 22, 2014 06:32 AM CDT

Livestock Markets: Weekly Analysis

Live Cattle: The October contract closed $0.65 lower last week. The secondary (intermediate-term) trend remains down. Resistance is at the recent high of $161.75, a price that also marks the fifth point of what looks to be a 5-point top on the contract's weekly chart. The more active December contract is showing the same pattern, with resistance at its recent high of $163.875.

Feeder Cattle: The October contract closed $2.80 higher last week. While the market is showing a similar pattern to live cattle (a 5-point top), the October contract continues to hold near its recent ...

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