Feeder Cattle Weekly Forecast

This/Next Week Forecast (August 1 – 5, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 176,875, which will be followed by reaching resistance level 193.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 176,875, which will be followed by moving down to support level 170.

Monthly Forecast, August 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 137,950, which will be followed by reaching resistance level 148,700.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 137,950, which will be followed by moving down to support level 131,450 – 129,975.

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