Weakening price structure in feeder cattle monthlyExpect price pullback over the next year+ timeframe.
More Leg to Breakdown?Feeder Cattle
Technicals (August - Q)
August feeder cattle futures posted their second consecutive inside day (trading within the previous day's range). Despite the consolidation in the last two sessions, the RSI remains in oversold territory with a reading of 26.12, the lowest since last Novemb
Feeder Cattle To 257.500Once again,
Feeder Cattle to 257.500. All these commodities will be highly valued or at least valued higher than now by the end of year
November Feeder Cattle Finds SupportAfter being subjected to selling pressure for the majority of the week, the November feeder cattle contract found support at the 23.6% retracement level between the contract’s low, and the contract’s high. The low for the day was only a few ticks off of the actual 253.825 level, coming in at 254.050
Long August Feeder Cattle: GFQ2023Seasonally supported for Buys May/June >> into July. Typical seasonal Low mid-late June (agreement across 5yr, 15yr, 40yr data).
I like how this has retraced down to old Aug'15 high and rejected that dynamically (see the GF1! W graphic). I very much like the perfectly 'clean' equal highs from 2015-
3 Inflation Scenarios for 2023There are only 3 inflation scenarios that will happen till the end of 2023:
i. Improve CPI to 2%
ii. Range CPI to hover between the band of 5-8%
iii. Continue to trend higher breaking above 9%
Many investors believe scenario (i) & (iii) will be unlikely.
70% of the investors feel that CPI should
GF1! (BUY)It's break two range channels. The first channels was large and the price break it. The second channel may be considered like as an pull back.
Are Feeder Cattle Setting Up for a Bigger Directional Move?Feeder Cattle
Technicals (August): Feeder cattle made an attempt to breakout yesterday but fell flat, despite the bloodbath in the grain complex. As mentioned in recent reports, the inability to take out recent highs with the collapse in grains should be a caution flag for the Bulls. That’s not to s
Feeder Cattle Rally on Weaker Corn MarketsFeeder Cattle
Technicals (August): Feeder cattle were able to catch a rally yesterday, thanks in part to the corn market collapsing following a “neutral” USDA report. Though it was nice to see a rally, the recent price action relative to the sharp decline in corn has been less than impressive. Not t
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Feeder Cattle Futures (Nov 2024) is 255.125 USX — it has risen 0.13% in the past 24 hours. Watch Feeder Cattle Futures (Nov 2024) price in more detail on the chart.
The volume of Feeder Cattle Futures (Nov 2024) is 731.00. Track more important stats on the Feeder Cattle Futures (Nov 2024) chart.
The nearest expiration date for Feeder Cattle Futures (Nov 2024) is Nov 22, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Feeder Cattle Futures (Nov 2024) before Nov 22, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Feeder Cattle Futures (Nov 2024) this number is 2.69 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Feeder Cattle Futures (Nov 2024) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Feeder Cattle Futures (Nov 2024). Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Feeder Cattle Futures (Nov 2024) technicals for a more comprehensive analysis.