2020 first-half US beef exports declined 15.2 percent compared with a year earlier, according to US Department of Agriculture August 2020 Livestock, Dairy, and Poultry Outlook. Analysts explain the decline by market turmoil due to COVID-19. At the same time USDA upgraded the second-half 2020 forecast for beef production citing a faster-than-anticipated slaughter pace. Rising beef supply is bearish for LCATTLE.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Neutral | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 105.85 |
| Stop loss | Above 111.59 |
Market Analysis provided by IFCMarkets.com
By Michael Klein, Tufts University The “fog of war” refers to confusion and uncertainty on…
By JustMarkets The Canadian dollar rose above 1.37 against the US dollar, reaching a one-month…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.