Where’s the beef in 2013?

Market Pulse: December 11

Last week February 2013 Live Cattle opened at $130.375 per hundred pounds and closed the week at $130.400. In January 2013 Feeder Cattle we saw an open last week at $145.050 and a weekly close at $148.175. 

Looking at the daily chart, you see a very nice move up in February 2013 Live Cattle in November 2012 from 129 to just below 133 with ADX reflecting a strong uptrend back then. The drop we have seen to 130 now has ADX at 24, reflecting a weakened trend. The DI Differential is rising with DI- over DI+. MACD is bearish and Stochastics are mid-range and dropping.

Proceed to Page 2 for the latest COT Data...

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