Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Jim Wyckoff

Cattle Bulls Show Resilience, But the Hog Trade Remains Choppy. What to Watch and How to Play It.

June live cattle futures (LEM25) hit a contract high of $207.30 a hundredweight on March 21 and then promptly backed off on profit-taking pressure from speculative traders. At that time the bears were licking their chops as the technical posture of June cattle suggested the bulls had finally become exhausted. However, the cattle market bulls stepped right back in to buy the dip in prices, with June cattle futures late last week pushing back to just below the contract high, while nearby April live cattle futures (LEJ25) scored a record high of $211.125.

www.barchart.com
Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.