By Cassie Fish, http://cassandrafish.com After weeks of being pummeled, CME cattle futures have put together two consecutive positive days. Futures have come up for air, trading above the 10-day moving average, which the most active contracts have been below since March 22. Technical indicators have gained a little steam, and cattle feeders all have their fingers crossed […] The post Two Good Days first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com Right now, CME live cattle have posted an inside week and are higher on the week—in an attempt to shake off the waves of HAP1 stories that continue to appear in the news, both in the U.S. and in the U.K.. Many are calling this break, overdone and ridiculous but words have no […] The post Clawing Back first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com From an objective viewpoint, today’s action in CME live cattle futures is unapologetically bearish. What may have started as sell-off due to HPAI rumors has morphed into a technical wreck. Today, futures rallied, rejected the 10-day moving average then failed. Long-term bullish supply arguments are of no consequence today.  Last Friday’s critical low […] The post Resuming the Downtrend first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com After a huge sell-off in cattle futures Friday, accompanied by a nearly 9k contract drop in open interest, the market is once again attempting to gather itself today. It’s been a pattern and not friendly one. Feeder cattle futures seem to have given up on the idea and are over 100 lower while […] The post It’s a Pattern first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com If one is looking for evidence CME cattle futures are bottoming, there is none so far. A market that has fallen as far as this one has, that hangs around in the same trading range for 3 days, near the low is not action that inspires confidence of a low.  The news cycle […] The post Hanging Out first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com Right now, CME cattle futures have a bottomless feel. Charts look awful. The October 2024 contract and beyond have made new lows for 2024, as optimism drains away. Unfortunately, this type of action has become a new normal in CME cattle futures, as funds, and day-trading algos pound the market into the dust. […] The post Bottomless first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com CME live cattle futures continue to struggle after last week’s collapse. Futures sold off hard early, rallied back to green before slipping back into red. Technically, the market looks vulnerable, with today’s lows important and last week’s lows very critical. Taking last week’s low out will signal another leg to the downside. Futures […] The post Struggling first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com There have been many news stories in the past couple of days confirming that some dairy cows in the Texas Panhandle and southwest Kansas have contracted avian influenza (HPAI). The illness is being spread by wild birds, acts as a flu and tends to effect older cows. There is no negative impact on […] The post Ask Questions Later first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com The cattle feeding and beef packing industry arose to the news that a small fire had broken out overnight at the National Beef plant in Liberal plant. Turns out it was a minor fire and no more than a day or two’s production is expected to be lost but the news created a […] The post Quite a Morning first appeared on The Beef ..read more

By Cassie Fish, http://cassandrafish.com It’s that time in the bull market when the cash market is the star and cattle futures merely mark time. Cash fed cattle prices are expected to trade another buck higher this week, checking the all-time high made in 2024. Boxed beef values have kicked into an early spring rally also, making a […] The post Cash Stronger Than Futures first appeared on The Beef ..read more