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 JustMarkets On Thursday, US indices closed lower. By the end of the day, the…
By Analytical Department RoboForex On Friday, the price of gold remained below 4,700 USD per…
By ForexTime BoJ, BoC, BoJ, Fed, ECB and BoE seen leaving rates unchanged Quarterly outlook…
By JustMarkets On Wednesday, the US indices rose. By the end of the day, the…
By Analytical Department RoboForex EUR/USD has declined steadily, falling to 1.1688 on Thursday. The US…
By JustMarkets On Wednesday, the US markets received a strong impulse from a combination of…
This website uses cookies.