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August hogs closed up $3.00 at $105.97.

August hogs closed limit up on Tuesday as it consolidated some of the decline off June's high. The high-range close sets the stage for a steady to higher opening when Wednesday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the June 21st high crossing at $110.23 would open the door for additional gains near-term. If August extends the decline off June's high, May's low crossing at $98.65 is the next downside target. First resistance is June's high crossing at $111.05. Second resistance is the April 28th high crossing at $114.30. First support is May's low crossing at $98.65. Second support is last-November's low crossing at $95.67.

August cattle closed down $1.48 at $132.58

August cattle closed lower on Tuesday as it consolidated some of last-Friday's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the decline off June's high, May's low crossing at $129.97 is the next downside target. Closes above the 20-day moving average crossing at $134.63 would temper the near-term bearish outlook. First resistance is the June 9th high crossing at $137.95. Second resistance is the bottom of the April 25th gap crossing at $138.75. Third resistance is the top of the April 25th gap crossing at $140.27. First support is last-Thursday's low crossing at $131.70. Second support is May's low crossing at $129.97.

August Feeder cattle closed down $1.93 at $172.57.

August Feeder cattle closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If August renews the rally off May's low, May's high crossing at $177.50 is the next upside target. Close below the June 13th low crossing at $169.40 would open the door for a possible test of the May 31st low crossing at $164.75 is the next downside target. First resistance is May's high crossing at $177.50. Second resistance is the April 22nd high crossing at $178.23. First support is the June 13th low crossing at $169.40. Second support is the May 31st low crossing at $164.75. Third support is May's low crossing at $162.80.