Darin Newsom DTN Senior Analyst
Mon Oct 20, 2014 05:05 AM CDT

Weekly Analysis: Livestock Markets

Live Cattle: The December contract closed $0.25 lower last week. Technically, the December contract continues to indicate it has established a top, possibly a 5-point top, implying the secondary (intermediate-term) trend has turned down. However, due to the ongoing bullish commercial outlook indicated by the December to February futures spread, the market could once ignore bearish technical signals. Market volatility remains high, roughly 14.5%, while Friday's CFTC Commitments of Traders report showed noncommercial interests trimming their net-long futures holdings by 218 contracts.

Feeder Cattle: The November contract closed $5.05 lower last week. The market continues to ...

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