Wyckoff's Weekly Livestock Outlook: What Has the Cattle on Feed Report Done to Futures?
ANALYSIS - Bearish tones from the latest cattle on feed report have changed momentum at the Chicago Mercantile Exchange, although bulls still retain the overall near term technical advantage.
24 September 2014
1 minute read
TheCattleSite analyst, Jim Wyckoff, reports that bulls have faded in live and feeder futures.
He said: "With the fundamental picture deteriorating in the cash cattle market I would not be surprised to see sideways to lower price action this week."
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