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****
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.