Market showing signs of a change of direction. Outside days, reversals, & breaking trend lines could contribute evidence of the turn. Increasing volume would confirm the change whereas decreasing volume would indicate the move is temporary.
Walt Breitinger, Commodity Futures...
To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
Farmscape for November 12, 2024
Full Interview 5:07
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A Guelph based hog market analyst is forecasting a modest increase in Canadian pork production in 2025 and higher prices.
“The Competitive Status of the Canadian Pork Industry,” was the topic...
In an unprecedented move, traders have significantly increased their long positions in hog futures, reaching a record-breaking level. This surge in market activity reflects heightened expectations for hog prices, driven by supply concerns and changing demand dynamics.
According to recent...
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For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
If you would like to receive more information on the commodity markets, please use the link to join our email list - Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
Lean hog futures at the Chicago Mercantile Exchange (CME) closed lower on Monday as profit-taking and technical selling set in, pulling prices back from recent contract highs, according to Reuters and broker insights. December lean hog futures fell 0.85...
Hogs Make New High, Cattle Markets Bounce Back
December Lean Hogs opened higher and traded to another new high for the up move at 85.075. The rally failed and broke down to the session low at 83.875. It consolidated and...
A gap is a hole in prices which occurs when the current day’s high is below the previous day’s low or when the current days low is above the previous day’s high. Gaps indicate a sudden change of direction...