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Barchart
Barchart
Jim Wyckoff

Bulls Are in Control of Cattle Prices. USDA Data and the Screwworm Are Fueling the Positive Trend.

USDA United States CME

August live cattle (LEQ26) futures last Thursday closed down $2.225 to $246.625 and for the week were up $5.45. August feeder cattle (GFQ26) futures fell $0.825 to $366.60, hit a five-week high, and for the week were up $9.175. The cattle futures bulls have the firm near-term technical advantage as prices are in near-term uptrends. The trend is the bulls’ friend.

www.barchart.com
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