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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Live cattle futures settled 35 to 87 cents higher today.Feeders were up $.82 to $1.82, witht eh front four contracts showing triple digit gains. The CME feeder cattle Index was up 10 cents at $222.11.Wholesale beef prices were higher today on moderate demand and offerings. Choice boxes were indicated 4 cents higher, with Select up 68 cents per hundred pounds. Estimated week to date FI slaughter is 234,000 head vs. 245,000 for the same period a year ago.