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Wyckoff's Weekly Livestock Outlook: What Has the Cattle on Feed Report Done to Futures?

24 September 2014

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.

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."

TheCattleSite News Desk

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