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2 May 2019
DTN Closing Livestock Comment 05/02 15:59 Pressure Redevelops in Cattle Markets Feeder cattle futures led cattle markets lower with triple-digit losses. Hog futures held firm early gains, but a lack of bullish news led to an erosion of support by the end of Thursday's session. By Rick Kment DTN Analyst GENERAL COMMENTS: Strong technical pressure re...
2 May 2019
DTN Chart Technical Points 05/02 16:30 DTN FUTURES 10 5/02/19 SLOW STOCHASTIC PRICES ARE DECIMAL MOVING AVERAGES RSI'S 5 Day 20 Day CONTRACT CLOSE 4-Day 9-Day 18-Day 45-Day 9Day 14Day 30Day %K %D %K %D CBTWT MAY 433.25 425.88 431.11 443.53 452.61 42.69 40.41 39.85 39 26 12 9 CBTWT JUL 444.00 436.00 439.25 449.54 458.47 46.65 43.29 41.13 48 33 15 11...
2 May 2019
DTN Midday Livestock Comments 05/02 11:59 Pressure Continues in Cattle Trade Feeder cattle losses continue to lead the entire cattle complex lower midday Thursday. Hog markets have continued to hold moderate to active support with triple-digit gains seen in nearby trade. By Rick Kment DTN Analyst General Comments Strong underlying pressure is redev...
2 May 2019
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/02/19 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 1,187 WEEK T0 DATE: 22,961 STEERS 742 121.00-121.00 121.00-121.00 121.00 HEIFERS 407 121.00-121.00 121.00-121.00 121.00 NEBRASKA CONFIRMED CASH SALES - TODAY: 2,697 WEEK TO DATE: 61,064 STEERS 1,037 196.00-198.0...
2 May 2019
DTN Early Word Opening Livestock 05/02 06:16 Hog Traders Focus on Export Sales Numbers The morning release of the Export Sales report will be the main focus in the lean hog complex Thursday. Traders are looking for increased sales to China in order to sustain the market rally that developed midweek. By Rick Kment DTN Analyst Cattle: $3 to $4 Lower ...