Daily Livestock Outlook

Livestock Roundup

June 25, 2019


Cattle & Hogs

Breaking:China will not accept meat products shipped from Canada starting Wednesday

Cattle Commentary

August live cattlemanaged to....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email

August feeder cattlecontinued....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email

PM Boxed Beef / Choice / Select

Current Cutout Values: / 219.64 / 198.95

Change from prior day: / (.10) / (.86)

Choice/Select spread: / 20.69

August lean hogsmanaged to claw back losses flowing a complete blood bath in the previous three sessions. Bullish sentiment coming into todays session was at the lowest levels n 5-years with the RSI flashing signs of oversold. That is not enough reason to get aggressively long, but it could be the light at the end of the tunnel. The bottom is a process and not a point, the bulls still have a lot of damage to repair on the chart before getting too excited.

Resistance: 78.00-80.00****, 84.85***

Support: 70.05**

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