Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planking trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Cattle futures ended the day mixed in the first day of trading after the Cattle on Feed report showed slightly more cattle than the trade was expecting.Cattle on Feed on September 1 were reported at 99.2% of year ago.Placements were 97.1% of year ago, and marketings came in at 90.4%.USDA issued the monthly Cold Storage report this afternoon, showing beef stocks at 79.88% of a year ago, and 93.76% of the previous month. Wholesale beef prices were reported lower in the PM report, with Choice boxes off 69 cents, and Select boxes down $1.14.Estimated Monday slaughter was 1K head larger than the previous week, and 6K head smaller than the same week a year ago.
Oct 14 Cattle closed at $155.500, down $0.125,
Dec 14 Cattle closed at $158.650, down $0.050,
Feb 15 Cattle closed at $160.600, up $0.350,
Sep 14 Feeder Cattle closed at $230.300, down $0.300
Oct 14 Feeder Cattle closed at $229.275, up $0.550
Nov 14 Feeder Cattle closed at $227.425, up $1.100