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“The cattle market followed through on Tuesday’s strength and closed strong as near-term technicals turned positive following the sharp weakness since the third week of June. Significant cash trade has not developed yet this week but strength in futures will likely raise cash expectations,” The Hightower Report said.
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“The phased nature of the (Mexican border) reopening means it will likely take some time before significant numbers will cross the border, and…
Austin Schroeder at Barchart.com said, “Live cattle futures saw gains of 27 cents to $1.67 across most contracts on Friday, with August holdin…
“As expected, the cattle market opened sharply weaker this morning following the border reopening announcement Friday and live cattle remained…
“The cattle complex extended their losses Wednesday for the 13th straight session for the nearby August, which also closed below the 200-day m…
“August live cattle tested 100-day moving average resistance today and closed essentially right on it. There have been numerous tests and brie…
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