Market Commentary and Analysis

Trader's Blog

Is NVDA Stock Headed for a Correction?

4 days ago

Boeing's Turbulent Week: What Lies Ahead for BA Investors?

5 days ago

Intel Backed Astera Labs Goes Public: What Investors Need to Know

6 days ago

Will Rivian's Surprise Announcement Paying off for RIVN Stockholders?

7 days ago

Buy Alert: Is Ford (F) Entering a New EV Era?

10 days ago

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

LIVESTOCK https://quotes.ino.com/exchanges/?c=livestock

April hogs closed up $0.08 at $84.98.

April hogs closed slightly higher on Wednesday as it extends the rally off January's low. The high-range close sets the stage for a steady to slightly higher opening when Thursday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off January's low the 75% retracement level of the 2023-2024 decline crossing at $86.63 is the next upside target. Closes below the 20-day moving average crossing at $79.37 would signal that a short-term top has been posted. First resistance is the 75% retracement level of the 2023-2024 decline crossing at $86.63. Second resistance is last-June's high crossing at $89.03. First support is the 10-day moving average crossing at $81.57. Second support is the 20-day moving average crossing at $79.37.

April cattle closed down $0.83-cents at $180.93.

April cattle posted an inside day with a lower close on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought add are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $176.83 would signal that a short-term top has been posted. If April extends the rally off December's low, the 62% retracement level of the September-December decline crossing at $186.71 is the next upside target. First resistance is the 50% retracement level of the September-December decline crossing at $182.62. Second resistance is the 62% retracement level of the September-December decline crossing at $186.71. First support is the 10-day moving average crossing at $179.44. Second support is the 20-day moving average crossing at $176.83.

March Feeder cattle closed down $0.75 at $240.58.

March Feeder cattle closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 62% retracement level of the September-December decline crossing at $247.44 is the next upside target. Closes below the 20-day moving average crossing at $231.41 would signal that a short-term top has been posted. First resistance is the 50% retracement level of the September-December decline crossing at $240.38. Second resistance is the 62% retracement level of the September-December decline crossing at $247.44. First support is the 10-day moving average crossing at $236.16. Second support the 20-day moving average crossing at $231.41.

×

It’s not goodbye, it’s hello Magnifi!

You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi