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.
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Cattle futures are 7 to 20 cents lower in electronic trading this morning. Boxed beef prices were mixed in the afternoon report, with Choice boxes averaging a penny higher, and Select boxes averaging $0.38 lower. Cash cattle trade so far this week has been quiet, with not enough sales volume to indicate market trend. Estimated week to date slaughter is even with a week ago, but 13K head smaller than the same period a year ago. The CME feeder cattle index was another $0.22 higher at $233.66.