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Barchart
Barchart
Jim Wyckoff

Live and Feeder Cattle Rally on USDA COF Report; Lean Hogs Are Technically Strong

USDA United States CME Texas

February live cattle (LEG26) on Friday rose $2.525 to $234.90 and for the week were up $2.75. March feeders (GFH26) gained $0.90 to $360.175 and for the week rose $3.725. Friday’s technically bullish weekly high closes in February live cattle and March feeders set the table for some follow-through chart-based buying early this week. 

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