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LIVESTOCK: April live cattle closed up $0.2 at $120.60 today. Prices closed nearer the session high on mild short covering. The live cattle bears have the near-term technical advantage.
March feeder cattle closed up $0.95 at $139.47 today. Prices closed near the session high today on short covering and closed at a three-week-high close. The feeder cattle bulls and bears are back on a level overall near-term technical playing field.
April lean hogs closed up $1.37 at $65.67 today. Prices closed near the session high and scored a bullish “outside day” up on the daily bar chart. Short covering was featured. The hog market bears still have the firm overall near-term technical advantage.