Video Alert and PDF: Learn from a Market Veteran (Free!)
Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
See the markets Jim is watching each day
Get a free companion PDF that explains his "Cycle Trading" method
Learn how to identify chart formations that indicate potential breaking commodity markets
Watch Jim analyze actual charts in his videos, pointing out formations and signals
All you need to do to watch today's video and get the PDF is confirm here:
Live cattle futures lost 17.5 to 85 cents today on bearish beef inventory numbers from the Monday Cold Storage report (up 2.8% from June). Feeder futures had resisted the bear influence on Monday but were down $.50 to $1.10 today despite cheaper corn. The CME feeder index was at $147.84, down 50 cents. Wholesale beef prices were lower on light to moderate demand and packer offerings. Choice boxes averaged 75 cents lower, while select boxes were down 21 cents. Cash cattle trade was at a standstill on Monday and today, with a few bids reported at $115 and asks at $120. USDA cattle slaughter WTD at 225,000 head is 1,000 below last week but 7,000 larger than the same point in 2015.
Aug 16 Cattle settled at $113.250, down $0.175,
Oct 16 Cattle settled at $109.725, down $0.625,
Dec 16 Cattle settled at $110.975, down $0.750,
Aug 16 Feeder Cattle settled at $146.450, down $0.575
Sep 16 Feeder Cattle settled at $143.925, down $0.500
Oct 16 Feeder Cattle settled at $140.450, down $1.100