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Live Cattle

Technicals (October- V) October live cattle futures were able to chew through resistance on Friday thanks in part to some reports of higher cash trade that developed from 188-190.  Commitment of Traders report showed Managed Money holding a net long position to the tune of 99,491 contracts.  Broken down that is 110,500 longs VS 11,009 shorts.  Resistance: 183.72-184.35***, 185.75*** Pivot:  181.52-182.17  Support: 178.62-179.10***, 176.20-177.25****

 

Feeder Cattle

Technicals (October - V) October feeder cattle futures were able to post new contract highs and new closing highs on Friday's session, putting prices back in uncharted territory.   Resistance: 256.00-256.50** Pivot:  254.20  Support: 252.60-253.00***, 247.40-247.75***

 

Lean Hogs Technicals (October - V) October lean hogs were able to stabilize on Friday after testing and holding the 100-day moving average on Thursday's trade.  Our pivot pocket remains intact from 83.55, if the Bulls can reclaim ground and close above here, we think that a retest of the 200-day moving average and upper end of the recent range would be in the cards, 85.50-86.40 Resistance: 85.50-86.40****, 87.77-88.32***, 89.12-90.00** Pivot: 83.55 Support: 80.55-81.50***, 78.45**

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Livestock Live Cattle

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