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29 May 2024
DTN Closing Livestock Comment 05/29 16:05 Livestock Complex Lower Wednesday Between a lack of pork demand and the disappointing announcement from China about beef imports from the JBS plant in Greely, Colorado, the livestock complex endured plenty of pressure throughout the day. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a gloomy...
29 May 2024
DTN Chart Technical Points 05/29 16:30 DTN FUTURES 10 5/29/24 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 JUL 692.75 697.06 686.89 669.79 616.50 64.49 65.48 62.71 51 61 82 84 CBTWT SEP 713.75 717.44 707.14 690.03 635.13 65.50 66.46 63.75 54 63 83 8...
29 May 2024
DTN Midday Livestock Comments 05/29 11:47 Weaker Tones Settle Into Livestock Complex Wednesday As cattlemen and traders both wait for the cash cattle market to start up, the futures complex has changed direction and is lower as it waits for fundamental direction. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex has slowe...
29 May 2024
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/29/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 80 WEEK TO DATE: 80 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - T...
29 May 2024
DTN Early Word Livestock Comments 05/29 06:26 Strong Product Prices Should Support Futures Wednesday Cattle futures had a cautious opening Tuesday and then struggled before finding renewed buying interest. Feeder cattle futures did not share the same sentiment, showing strength as a reaction to the Cattle on Feed report. Hogs struggled the entire d...