Feeders complete their chart based downside target. October 10, 2022
Pressure on the feeder cattle side, with both lower sale pricing pricing and higher corn, pushed this market to new lows for the downtrend. For the November we finally filled the downside objective for the long term Head & Shoulders top formation! Live cattle may have some hesitation this week with expectations of high inflation still in place on Thursday's update.
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Allendale Insider
Allendale Insider
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