Monday’s Cutout Values
Choice: 269.58, Up 2.32 from the previous day.
Select: 251.09 Up 1.07 from the previous day.
Choice/Select Spread: 18.49
5 Area Average Cattle Price
Live Steer: 138.07
Live Heifer: 136.83
Dressed Steer: 221.89
Dressed Heifer: 222.35
Live Cattle
Technicals (August): August live cattle took out last week’s highs then promptly reversed against technical resistance from 134.40-135.10, to finish near the low end of the day’s range. Yesterday’s close takes us back to our pivot pocket, 132.625-132.75. The Bulls will want to defend this area through today’s session, a failure to do so could open the door for a retest of the 130.00-130.65 support pocket.
Resistance:134.40-135.10***, 137.125-137.60***
Pivot: 132.625-132.75
Support: 130.00-130.65***, 126.80-127.30****
Choice: 269.58, Up 2.32 from the previous day.
Select: 251.09 Up 1.07 from the previous day.
Choice/Select Spread: 18.49
5 Area Average Cattle Price
Live Steer: 138.07
Live Heifer: 136.83
Dressed Steer: 221.89
Dressed Heifer: 222.35
Live Cattle
Technicals (August): August live cattle took out last week’s highs then promptly reversed against technical resistance from 134.40-135.10, to finish near the low end of the day’s range. Yesterday’s close takes us back to our pivot pocket, 132.625-132.75. The Bulls will want to defend this area through today’s session, a failure to do so could open the door for a retest of the 130.00-130.65 support pocket.
Resistance:134.40-135.10***, 137.125-137.60***
Pivot: 132.625-132.75
Support: 130.00-130.65***, 126.80-127.30****
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.