⛏Live Cattle Futures
LIVECATTLE
▼ NegativeDemandrelevance
Elevated beef prices and high gasoline costs could shift consumer demand toward cheaper proteins like pork and poultry.
Impact on assets 1
Others
October live cattle futures may have reached a near-term top, with Monday's price action negating an uptrend and signaling a potential selling opportunity. A move below chart support at $236.00 would strengthen the bearish case, targeting a downside objective of $210.00 or lower, while technical resistance sits at the contract high of $246.55. Elevated beef prices and high gasoline costs could shift consumer demand toward cheaper proteins like pork and poultry, especially as BLT season approaches.
Elevated beef prices and high gasoline costs could shift consumer demand toward cheaper proteins like pork and poultry.