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Live Cattle

Technicals (October- V) October live cattle futures broke below trendline support yesterday and appear to be on the verge of a bigger technical breakdown.  A break and close below 178.62-179.10 would confirm that, with the next support pocket coming in from 176.20-177.25. Resistance: 183.72-184.35***, 185.75*** Pivot:  181.52-182.17  Support: 178.62-179.10***, 176.20-177.25****

Below is a look at the seasonal tendencies for October live cattle.

 

Feeder Cattle

Technicals (October - V) Feeder cattle futures continue to be mostly rangebound which has kept are daily commentary pretty blah.  Technical levels remain intact. Resistance: 256.00-256.50** Pivot:   252.60-253.00 Support:247.40-247.75***

 

Lean Hogs Technicals (October - V) October lean hogs continued to bleed lower yesterday, trading down to first support at 78.45.  The more significant pocket comes in below there, we've outlined that pocket as 77.57-77.80.  If that gives way, we could see the selling accelerate with little significant support until about 3.00 lower.  The Bulls need to get back above 80.55-81.50 to right their ship. Resistance: 80.55-81.50***, 85.50-86.40***** Pivot: 78.45  Support: 77.57-77.80****, 73.52-74.05***

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